The 83rd session of the Texas Legislature began this week, and it was a classic “good news – bad news” scenario with Comptroller Susan Combs reporting that increased state revenue forecasts mean that unlike the $27 billion shortfall faced in 2011, lawmakers are looking at $8.8 billion in unspent revenue in the current budget cycle. That represents a $35 billion swing in just two years so things are looking up, right?
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