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Relating to making supplemental appropriations and reductions in appropriations and giving direction and adjustment authority regarding appropriations.
Estimated Twoyear Net Impact to General Revenue Related Funds for HB2, Committee Report 2nd House, Substituted : a positive impact of $5,113,757,961 through the biennium ending August 31, 2023.
The bill's provisions would result in a net decrease of ($69,420,116) to the estimate of General Revenue Related funds available for certification in the Revised Biennial Revenue Estimate.
Combining this increase with estimates of the related fiscal year 2020 lapses not included in the bill would result in a net 2020–21 biennial certification savings of $1,730,172,241 over estimates in the Revised Biennial Revenue Estimate.
HB 2 would make a supplemental appropriation to fund unfunded state obligations from the prior biennium.
The purpose of a supplemental appropriation is to pay for unfunded obligations from the fiscal biennium which is about to end. Some supplemental appropriations are understandable, such as those which cover unforeseen costs such as natural disasters. The majority of the appropriation covers underfunded entitlement spending which can be difficult to project and accurately appropriate for two years in advance.
Texas Action remains neutral on HB 2.