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Last year, when the state reduced the current biennium budget by 5 percent, more than 40 percent of the cuts came out of higher education.
Facing such grim forecasts, legislators grudgingly agreed to spend $3.97 billion from the rainy day fund to cover the shortfall in the current biennium, which actually has shrunk a bit.
Faced with a $4.3 billion budget deficit for the current biennium and with no other way to keep things going, Gov. Rick Perry and Texas House leaders agreed to tap the state's Rainy Day Fund.
She told lawmakers in 2011 that they had $72.2 billion available in general state revenue for the current biennium; that was short of the actual amount available by $10.4 billion.
For Texas legislators, the challenge will come into stark relief when they must plug a budget gap that could top $20 billion for the fiscal years 2012-13; the state's general revenue funds budget for the current biennium, by comparison, is estimated at $87 billion.
In the fall, when state leaders asked for 5 percent to be trimmed from the current biennium's budget, more than 40 percent of those cuts came out of higher education.
Similar(50)
Since the Telefood operation is going to be continued and expanded in the current and successive biennia (Conference Resolution 3/97, refers), I should recommend that, if special audit arrangements are again deemed necessary, their implementation be more strictly monitored.
The current mayor.
The current president?
Then the current returns.
The current was powerful.
More suggestions(16)
the current year
the current maturity
the current duration
the current period
the current realization
the current budget
the current incumbent
the current term
the current fiscal
the current 2 year
the current functions
the current president
the third biennium
the current administration
the current thinking
the current schedule
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com