Monday, April 8, 2019

#TXLEGE: No fiscal risk management commission with teeth will pass this session

"There is desirable treasure,
And oil in the dwelling of the wise,
But a foolish man squanders it."
Proverbs 21:20

We stopped by the Capitol this morning to support the following bill:
HB 236         Krause
Relating to the creation of the Fiscal Risk Management Commission.
We didn't get a chance to testify.  But that's ok.   The more we think about, the more we realize we don't want to associate our name with this particular project at this particular time.

A fiscal risk management commission is a GREAT idea.  The Federal government's finances have been unsustainable for a long time.  Texas should address its exposure to events beyond our borders.

But, let's get real: The Texas Legislature has zero interest in sustainable fiscal policy.  This session proves that.  If the legislature won't buy down local property taxes, they won't prepare for chaos out of Washington.

Any fiscal risk management commission that can emerge from this session is a sham.  It's designed to create the impression of fiscal responsibility on a campaign mailer.  No thank you.

Bottom Line: It's a great idea.  But the legislature has no intention of curbing its spending.  We shouldn't help them pretend to care.

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.