Governor Perry delivers State of the State address
Newsroom
1/29/2013

AUSTIN, Texas (AP) - Gov. Rick Perry has called on lawmakers to amending the Texas Constitution to allow the state to return tax money it collects but doesn't spend back to its citizens.

In his State of the State speech on Tuesday, Perry said there is currently no method for returning tax revenue to citizens. About 64 percent of state revenues come from sales tax, so it's not clear how money could be returned proportionately.

 Perry also wants to tap the Rainy Day Fund to spend $3.7 billion on critical water and transportation systems in the state. He said there is more money in the fund than is needed, and that the state should not accumulate any more. He said tapping the fund for a one-time investment in infrastructure was needed to ensure a high quality of life.

Perry also called to use road funding only on transportation projects and for end to accounting tricks to balance the state budget.

The Republican has for weeks called on the Legislature to cut taxes and continue to hold down government spending - even though Texas' economy is booming. He'll also use the speech to give a specific dollar amount he'd like to see in tax reductions.

 


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