AUSTIN — Texas Comptroller Susan Combs says she’s not buying into predictions of a state fiscal meltdown – yet.
Forecasts by some that next session’s budget shortfall could be as high as $20 billion are too gloomy, “way out there,” Combs said this morning.
She said estimates that lawmakers will confront a deficit of $10 billion to $11 billion are reasonable, but she sees hopeful signs the number could be well down in the single digits by January.
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“There’s not going to be a January surprise in 2011 – the dog ate my homework,” Combs said. “It’s not going to happen.”
One of the main arguments Rick makes is that the state is in good shape fiscally, and Kay, Jim Dunnam, and Medina have all been making the opposite case...
I guess we're making the opposite case because Perry has tripled our bonded debt and we're almost at the debt ceiling, plus the fact that he used $12 billion in stimulus funds to "balance" the budget so that he could preserve that rainy day fund.
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