King Passes Spending Cap Amendment

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AUSTIN – Today, State Representative Phil King (R-Weatherford) successfully amended H.B. 7, a bill dealing with certain revenues and accounts, to put in place a more stringent spending cap for the legislature. The amendment states that the legislature may not spend more than the rate of growth in population of the state plus the rate of growth of inflation.

“Texas has done a good job of being fiscally responsible with its spending during the tough economic times we have faced over the past few years,” King explained, “However, it is very important that we implement a conservative spending cap to ensure that even in the good times, Texas does not become irresponsible with its taxpayers’ dollars like the federal government has done.”

The bill will now go to the Senate for consideration along with King’s amendment.