Last week, the House approved a budget for the next two years with several amendments that we are happy about, including one prohibiting state spending on vouchers, several that would require a special session to deal with the distribution decisions regarding federal dollars if those dollars were not available until after the regular session, and one requiring that all federal dollars intended for public education be spent on public education without reducing state spending.
A conference committee made up of five state senators and five state representatives will begin meeting to resolve the differences between the House and the Senate versions of the state’s budget for the next two years.
Last week, Chairman Bonnen and the Legislative Budget Board acknowledged that a combination of factors – higher property values, less than anticipated school attendance increases, and federal funds from the CARES Act – has freed up $5.5 billion to balance the House budget. Comptroller Hegar will release an updated revenue estimate on Monday, May 3, at 2:00 pm.