Texas Register, Volume 3, Number 1, Pages 1-31, January 3, 1978 Page: 25
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V -
ADDITION 2
Texas is maintaining strong control of government spending
(Table 9):
-Between 1968 and 1972, Texas averaged 48th in per
capita spending. Between 1973 and 1976, Texasaveraged .49th.
-Between 1968 and 1972, Texas spending was 25%
below the average state. Between 1973 and 1976,
Texas spending was 28% below the average state.Table 9
STATE SPENDING COMPARED
State Spending Per Capita Texas Compared
Stteped Pr Rank Among Percent Below
Year Texas 50 State Average 50 States State Average
1968 $230 $303 46th 24%
1969 246 338 48th 27
1970 285 383 49th 26
1971 325 434 48th 25
1972 355 , 476 48th ?
1973 364 517 50th .30
1.974 397 : . 569, :50th 30
1975 470 651 49th 28
1976 547 718 48th 24
SOURCE: U. 5. Department of Commerce, Bureau of the Census,r, f
ToalSpending. In the latest fiscal year (ending August 31,
1977), the State of Texas had net expenditures of $6.607
billion, up 6.5% from the previous year.
The Texas Legislature funds state operations on a biennial
basis (two year budget). Appropriations for the preceding
and forthcoming bienniums are shown in Table 10.
Total State Financial Picture. There is no better way to
demonstrate the health of Texas state government than to
look at the numbers. The following chart shows revenues, ex-
penditures and cash balances for the period 1971 through
1977.
Note the following:
-Revenues grow from $3.5 billion in 1971 to $7.4
billion this last year, an increase of $3.9 billion (over
100%).-Tax revenue grows even faster and becomes more im-
portant to the state as the proportion of federal support
diminishes. Tax revenue contributes $2.4 billion of the
total $3.9 billion increase between 1971 and 1977.
-Revenues are higher than expenditures each year.
Costs of government have risen each year with infla-
tion and population growth, but not as fast as state
revenues.
--Cash balances increase in all years.
The chart demonstrates Texas' strong financial picture and
the ability of the state to operate efficiently without runaway
spending, higher taxes or reliance on debt financing. ( &e
Chart 11.)
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Texas. Secretary of State. Texas Register, Volume 3, Number 1, Pages 1-31, January 3, 1978, periodical, January 3, 1978; Austin, Texas. (https://texashistory.unt.edu/ark:/67531/metapth252884/m1/25/?q=%22~1~1~1%22~1: accessed July 16, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting UNT Libraries Government Documents Department.