Texas’ governor has issued a call to state lawmakers to practice truth in budgeting during the upcoming legislative session.
Governor Rick Perry preemptively encouraged state legislators to use the session as an opportunity to reset Texas’ budgeting process, and end budgetary measures that produce only short-term solutions.
“There is no such thing as ‘extra’ money when it’s coming out of the pockets of taxpayers,” said Perry.
“We owe it to Texans to create a budget process that’s more honest and transparent by making the tough decisions Texans make every day, and presenting a truly balanced budget free of IOUs and accounting maneuvers,” he continued.
Perry continued his call for lawmakers to commit to the five principles of the Texas Budget Compact, which includes:
• practicing truth in budgeting,
• supporting a Constitutional limit on spending to the growth of population and inflation,
• oppose any new taxes or tax increases, and make the small business tax exemption permanent,
• preserve a strong rainy day fund,
• cut unnecessary and duplicative government programs and agencies.
The legislative session will begin on Tuesday, January 8th, 2013 at noon.