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January 11, 2019      5:31 PM

LBB sticks to growth rate of 9.89%, notes likely use of Rainy Day Fund for Harvey

Chatter indicates the House may present an initial budget outline as soon as Monday

The Legislative Budget Board adopted a spending growth cap of 9.89 percent for the upcoming budget, a limit imposed so the budget does not growth faster than the Texas economy.

The budget limit – less important than the biennial revenue estimate – is the final pre-session piece to prepare for the unveiling of the Texas budget. The first budget document – belonging to the House – could be introduced as soon as Monday.

By Kimberly Reeves

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