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Legislative Budget Board Approves Reductions
Yesterday the Legislative Budget Board approved $1.2 billion in budget reductions at state agencies. Governor Perry praised the cuts, saying "Every penny we save now in the 2010-11 biennium is one penny closer to balancing the budget in the next legislative session."
Coincidently, Governor Perry rejected the exact same amount of federal dollars over the past year. Here's the math:
$500 million Unemployment Insurance Compensation to prevent a tax hike on Texas businesses
$700 million Race To The Top Education Dollars to improve Texas public schools
$1.2 billion
However appropriate LBB's decisions, these cuts will undeniably reduce necessary state services to all Texans. Accepting the federal unemployment insurance and education dollars would only have affected Perry's false image as a Washington outsider (never mind the $16 Billion in Federal Stimulus funds Perry and Republican legislature used to balance the current state budget).
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