Texas Register, Volume 3, Number 1, Pages 1-31, January 3, 1978 Page: 27
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2 '-
T. xas is maintaining strong control of government spending
(TabLe 9): _ .
-Between 1968 and 1972, Texas averaged 48th in per
capita spending.' Between 1973 and 1976; Teas:" - .Table 9
ESTATE SPENDING COMP
- . ... .....State Spending Per C
:Year Texas 50 State Ave
::,. 1968 $230 $303
:a1 -,969 246 338
Ss -1970 285 383
= 1971 325 434
S1972 355 476
1973 364 517
Y14 39 69
-? - -1975 470 651
S 1976 547 718
" : SOURCE: U. S. Department of Co
".:- State Government Fina
.Totl S.aorsag. Inthe 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. .6
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. ..
Toltal State Fimaecial Pictre. 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
S1977. f - o - .. .
Note the following:' .averaged 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.ARED.
ito - Texas Compared -' '-
St Rank Among Percent Below - :' : : _ -
rage 50States State Average.: -- .
46th. 24% ' , .. - r, - _i=:=
48th 27 , , : -
49th 26
48th 25
48th 5
50th 30
5.h-0 . W ; -' ' . ."- z
49th :" <
48th 24
mmerce, Bureau of the Census, -
nces, 1968-1976 published in 1969 19 7. -
-Tax revenue grows even faster and becomes more im-
Sportant 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-
Stion and population growth, but not as fast as state
revenues.
-Cash balances increase in all years
The chart demonstrates Texas' strong financial picture andt
the ability of the state to operate efficiently without runaway
spending, higher taxes or reliance on debt financing. (yee
Chart 17.) ""-+-Revenues. grow from ;3.5 billion in 1971 to $7.4
- . billion this last year; an increase- of $3.9 billion: (over . . -
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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/m1/27/?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.