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May 14, 2013

GOP states wrestle with budget surpluses

  • The Texas Senate wants to spend $2 billion on water projects, $2.9 billion for roads and bridges, and $800 million for public schools, but tea party conservatives and Gov. Rick Perry want tax cuts.
    • By DAVID A. LIEB
    Associated Press

    JEFFERSON CITY, Mo. — Turns out that cutting was the easy part. Now Republicans who control a majority of the state capitols in the United States face a far greater philosophical dilemma — what to do with all the money in places where an improving economy has suddenly created a surplus in revenues?

    Save it? Refund it though tax cuts? Or spend it?


     
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