June 3, 2014      7:13 PM
Updated: TPPF revises estimate in Texas spending growth down to 9%
Nowhere close to 26%; think tank says its numbers now are based on a different analysis and there's no inconsistency
Update
at 7:13pm: Needless to say, TPPF strongly objected to this analysis pointing out that
their report today only examined spending inside the biennium and does not
include any anticipated supplemental appropriation that might be required by
the next legislature. But that is the
point. The economy fell off a cliff and
the 2013 session had to fund current services while covering the hot checks
that anticipated revenues did not end up covering from 2011
appropriations.
The problem is that they left the
impression of a spendthrift legislature which penalized lawmakers for covering
appropriations in 2011 that no one in good faith could have anticipated would
end up being unfunded. The marker they
left was the WSJ story they left uncorrected that implied a spending frenzy
rather than a responsible rush to cover hot checks. In effect, the 26% was
about three years while the 9% was about two years with no mention of a future
supplemental.
TPPF's Vice
President of Research Bill Peacock
this afternoon repeatedly declined to answer whether the Wall Street Journal
misrepresented the think tank's analysis in the newspaper’s editorial last
year. – HK
Original story:
The
conservative think tank in Austin where Midland oilman Tim Dunn is Vice Chairman of the board on Tuesday released a report
saying that Texas state government spending saw a 9 percent increase over the
previous biennium.
In their new report, which you can see here, the Texas Public Policy Foundation said
their analysts looked at the finished budget and did comparisons going back to
2004.
The 9 percent figure is,
of course, far less than their previous estimate of as much as a 26 percent
increase in state spending that was splashed on the editorial page of the Wall
Street Journal under the headline “Texas Goes Sacramento” and was
repeated ad nauseam by Tea Party candidates running against
establishment Republicans in the recent primaries and runoffs.
By Scott Braddock
|