Budget & Taxes (Government Spending)

HB 93 limits the rate at which state and local governments can increase spending by tying annual budget growth to population and inflation trends. It requires the Legislative Budget Board to calculate a spending growth cap each biennium using the prior three years' average population growth plus inflation (measured by the Consumer Price Index). If actual spending growth falls below this cap, the bill mandates reducing taxes to return over-collected revenue to taxpayers. This applies to all state/local government funding sources, including general revenue and dedicated accounts, and affects all Texas taxpayers through potential tax reductions.

This concurrent resolution (HCR 10) urges the U.S. Congress to propose a constitutional amendment requiring a balanced federal budget. It does not create new law but expresses Texas's support for a constitutional change that would prevent federal deficit spending by mandating that annual government spending not exceed revenue. The resolution directs Texas officials to send copies to Congress and request its inclusion in the Congressional Record as a formal request. This is a symbolic action with no legal effect on federal budgeting.