Recent Blog Posts

The Comptroller and the Texas Budget: A Primer

Posted: 1/13/2021 1:17:17 PM
The Comptroller's Duties The Texas legislature is meeting again beginning Tuesday January 12, to set the budget for the coming biennium.  As part of this budgeting process, Texas Comptroller Glenn Hegar is on the news discussing revenue forecasts for the next two years. What is a comptroller, an...

Personal Income and Consumption

Posted: 12/21/2020 2:02:06 PM
We are living in strange times.  The unemployment rate rose from 3.5%  to 14.7% in April, and in November, the rate dropped to 6.7%, still far higher than a year ago.  In a typical recession, personal income would surely have fallen.  With such a spike in the unemployment rate, it would not be surprising to think that persona...

Federal Fiscal Aid to States: Insurance or Bailout?

Posted: 12/16/2020 10:42:18 AM
One major reason for the difficulty of arranging a second major federal Covid-19 relief package is disagreement between the Senate majority and the House majority regarding federal fiscal aid to state and local governments.  The issue of providing fiscal aid to states has been so difficult that the proposed legislation is now split into two...