SDN January 12, 2021

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WEATHER TODAY WEDNESDAY THURSDAY

JANUARY 2021

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TUESDAY Volume 56 • Number 7

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LEGEND PLUMBING & ROOTER Lic # ML-16126 830 • 303 •3335

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The Voice of Seguin Today

830 • 379 • 2234

Lawmakers face $1 billion shortfall

Revenue shortage much better than state officials had expected By Darren Dunn (Seguin) -- State lawmakers are facing a significant budget shortfall this year. How to overcome a decline in revenues will be one of the key issues facing the new legislative session that begins today in Austin. The budget shortfall is approximately one billion dollars. That’s a big number, but the Biennial Revenue Estimate (BRE) -- released on Monday by State Comptroller Glenn Hegar -- is actually much better than what most state lawmakers had expected. State Representative John Kuempel, in a recent interview with Seguin Radio KWED and the Seguin Daily News, said they could have potentially seen double digit shortfalls this year. “We knew that we were going to be short coming in and that was even before the pandemic. We knew that we were going to have a challenge of a budget deficit. The comptroller comes out

(Monday) with the BRE which is the Biennial Revenue Estimate and I think he anticipates that we will be upside down $8 billion -- somewhere in that ballpark. Hopefully, it’s not double digits and as the Texas Legislature, we are constitutionally obligated to pass a balanced budget so knowing that we are going to be upside down that much money, we’ve started sharpening pencils and seeing what we have to do. Obviously, the budget is the most important thing really of every legislature and certainly, this session with the challenges of a deficit, we are going to really have to work hard to be able to leave and have that thing balanced,” said Kuempel. Kuempel says a number of bills were being filed to begin looking at some new revenue streams. That still will likely happen, but the rosier revenue estimate means that the legislature may not need to lean so heavily on some of those new ideas. See LAWMAKERS, Page 2


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