Senator Nelson Files SB 2, Senate's Base Budget
January 27, 2015
Senator Jane Nelson today filed SB 2, the appropriations bill for the 2016-2017 biennium. SB 2 emphasizes tax relief, invests in transportation, funds growth in education and strengthens border security.
"This budget is responsible. It is compassionate. It meets our growing needs while remaining true to the policies of fiscal discipline that have led to our economic success and created the Texas miracle," said Senator Nelson. "This proposal represents a starting point, and I look forward to working with my colleagues to further develop a budget that is worthy of our state."
The introduced version of SB 2 is known as the Senate's "base budget." Members of the Senate Finance Committee will begin their budget deliberations at 9:00 a.m. tomorrow, January 28, and hearings will continue over the weeks ahead.
SB 2 appropriated $205.1 billion in All Funds, up 1.5% from the current $202 billion 2014-15 budget. It contains $4 billion in tax relief, adds $5 billion to the state highway fund, and allocates $815 million for border security -- more than doubling what was appropriated last session.
"Our budget contains significant tax relief, returning dollars to those who earned it in the first place. It will jump start highway projects and ensure that funding meant for roads are not diverted for other purposes. SB 2 doubles our commitment to a secure border, prioritizes education and meets our commitment to Texans who rely on health and human services."
To view the press conference, please visit the Texas Senate's website.