One of the little pleasures in life is to dig into your wallet or wallet and find that what you thought was a dollar bill hidden in the folds is actually a 20. While the 87th session of the Texas Legislature meets this week as lawmakers experience something of a macroeconomic equivalent. Despite the fiscal perils of the coronavirus pandemic, the state’s fiscal outlook is better than what officials thought it might be, state comptroller Glenn Hegar said on Monday.
In August, Hegar predicted that lawmakers would gloomily gaze at a $ 4.6 billion sinkhole when they met in Austin. It turns out that the dreaded abyss is more of a relatively modest ravine. According to the comptroller’s figures, the state is currently expected to end the 2020-2021 biennium in August with a deficit of $ 950 million. It’s not the $ 3 …
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