© 2024 91.9 KVCR

KVCR is a service of the San Bernardino Community College District.

San Bernardino Community College District does not discriminate on the basis of age, color, creed, religion, disability, marital status, veteran status, national origin, race, sex, sexual orientation, gender identity or gender expression.

701 S Mt Vernon Avenue, San Bernardino CA 92410
909-384-4444
Where you learn something new every day.
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations

Texas v. California? Lone Star State Has A Big Budget Deficit; Golden State Has A Budget Surplus

compare.com

Public officials in Texas like to brag that their belief in limited government and low taxes is a better way to run a state than high-tax, big-spending California.  Turns out that California is expecting an $8-billion surplus in state budget revenue next fiscal year, while Texas is looking at an $8-billion dollar budget deficit which, in spite of accounting gimmicks, could further lower the Lone Star State's budget reserves.  More from KVCR's Ken Vincent.

ADDENDUM:  In an August, 2017 Houston Public Media story titled, "Report: Texas Budget Shortfall Could Balloon To Nearly $8 Billion In 2019," reporter Andrew Schneider writes:

Come 2019, Texas could face a budget shortfall that dwarfs the one lawmakers had to deal with this year. A study by the nonpartisan Texas Taxpayers and Research Association (TTARA) puts the gap for the next two-year budget cycle at $7.9 billion....

...The state’s Rainy Day Fund balance now stands at $10.2 billion. Absent further appropriations by the legislature, the comptroller expects that will reach $11.9 billion by the end of the 2018-2019 budget cycle. 

Ken Vincent has retired. We appreciate the way he shared his expertise with many of our young interns and reporters over the nearly eight years he spent as KVCR's lead journalist and Morning Edition host. We wish him a happy and relaxing retirement as he spends more time in his garden and, as he mentioned, more time on the golf course. Thanks Ken!
Related Content