Plan Emerging for Legislature to Pay IOUs
POSTED: Thursday, February 14, 2013 - 1:33pm
UPDATED: Thursday, February 14, 2013 - 1:44pm
Austin Texas — Like a family with past due notices piling up at the door, the Texas Legislature has some current bills it needs to pay before it can plan the state's next two-year budget.
That’s where a supplemental budget comes in. It is literally a second budget added to the original one lawmakers approved in 2011. It’s not an unusual course for lawmakers to take to address lingering IOUs, but this year’s efforts are becoming more complicated and politically fraught than in the past.
For starters, lawmakers are planning at least three bills to address the state’s supplemental needs instead of the usual one. The first measure needs to be signed by Gov. Rick Perry in March so the state can pay billions in upcoming health care bills on time. A second supplemental bill will address the state's costs from fighting wildfires and providing prisoner health care, but it won't need to pass so quickly. A third measure, also not a rush item, will reverse $1.75 billion in delayed funds to school districts.
Read more from the Texas Tribune.