Money, Money, Money

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Money, Money, Money
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• Balancing the Texas Budget in 2012-2013

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Where Do Our State Budget Come From?

• State Tax Collections - 78 billion
• Federal Funds - 67 billion
• Fees, Fines, Licenses - 14 billion
• Interest and Investment Income - 6 billion
• Lottery - 3 billion
• State Land Income - 2 billion
• Other Sources - 10 billion
• Total (2 yr budget) 180 billion

Source Texas Fact Book, 2010, Legislative Budget
Board. State taxes only, does not include local
property taxes.
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Where Your State Tax Dollar Comes From
(2010-2011 2-year Tax Revenue Estimate)
Source Texas Fact Book, 2010, Legislative Budget
Board. State taxes only, does not include local
property taxes.
4
Where Do Our State Budget Go?(2010-2011
2-year budget)
Total 180 Billion
Source Texas Fact Book, 2010, Legislative Budget
Board. State taxes only, does not include local
property taxes.
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The Texas Budget Deficit, 2012-2013
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The Challenge Eliminate the Budget Deficit

• The Texas budget must be balanced
• Imagine that you are a Texas State Senator
• As members of the Texas Senate you must find
  solutions that you can live with
• Options
• Use some or all of the Rainy Day Fund
• Raise revenue
• Cut spending

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One Option for Reducing the Deficit Spend the
Rainy Day Fund
Would you support using some or all of the Rainy
Day Fund to reduce the deficit?
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The Rainy Day Fund
Potential Revenue for 2012-2013
Beginning balance 8.2 billion
Growth during 2012-2013 1.4 billion

Total Rainy Day Fund Available 9.6 billion
The Texas Rainy Day Fund comes from a variety
of sources with most of the money coming from a
portion of natural gas and oil tax revenues.
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Closing the Budget Gap Raise Revenue

• Raise Existing Taxes
• Sales Tax, Franchise Tax, Gasoline Tax, Cigarette
  Tax, Motor-Vehicle Tax, Beer Tax
• Create New Taxes
• Soda Tax, Quality Assurance Fee
• Eliminate Tax Exemptions and Discounts
• Sales Tax Holiday, high-cost natural-gas
  exemption, 10 property tax appraisal cap,
  optional homestead exemption
• Other Revenue Options
• Allow slot machines in existing gambling sites

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Closing the Budget Gap Reduce Spending

• Cut existing programs (some examples)
• Education
• Cut 25 million in grants to help school
  districts build science labs (program total is
  59.5 million)
• Reduce financial aid spending (50 million)
• Eliminate dropout prevention for teen parents
  (10 million)
• Health and Human Services
• 1 reduction in Medicaid provider payments (64
  million)
• Temporary hiring freeze from HHS agencies (8.9
  million)
• Close 50 beds at Terrell state hospital (27
  million)
• Eliminate services for 8090 seniors or persons
  with disability receiving Medicaid LTC services
  at home (96.2m)-DADS
• Reduce comprehensive rehabilitation services by
  70 and not provide services to approximately
  840 clients (23.6 million)- DARS
• Reduce prevention and early intervention programs
  by 84 (73.7 million)
• Reduce state mental health hospital capacity,
  community mental health services for adults and
  children and substance abuse intervention
  services (136.7million)
• Prisons
• 239 million to prison and parole system,
  including eliminating the substance abuse
  treatment program.

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Did You Eliminate the Deficit?

• How did the Senate vote on the Rainy Day Fund?
• How did the Senate vote on raising revenue?
• How did the Senate vote on cutting existing
  programs?

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What Does the Budget Deficit Mean for AARP
Members?

• Balancing the budget with a large deficit will be
  extremely challenging
• There will be a lot of attention on the big
  budget items (i.e., Education and Health and
  Human Services)
• Medicaid is a large part of the health and human
  services piece of the budget and vulnerable to
  cuts
• Medicaid is the primary payer of long term care
  services like nursing home and care in the
  community (helps pay for two-thirds of all
  nursing home stays)

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Protecting Seniors who need Long Term Care

• The proposed 10 percent cut to long term care
  providers would take a heavy toll on consumers
  who use Medicaid nursing homes and community
  care.
• Places nursing home residents at risk by reducing
  staff and care for our must vulnerable seniors.
• For the seniors who depend on community-based
  long-term care programs, the rate cuts will make
  it harder to find people willing to do this
  important work.

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What Can You Do To Help?

• Let your state elected officials know you want
  them to protect seniors who need long term care.
• Protect current funding levels for nursing home
  and community care.
• Lets not push seniors from community into more
  expensive nursing homes.
• Your state elected officials
• Your state elected officials (To Be Completed by
  ASD for each event)
• Texas Senator
• Texas Representative

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Want to Read More About the Texas Budget?

• Texas Fact Book, 2010
• Texas Legislative Budget Board
• http//www.lbb.state.tx.us/Fact_Book/Texas_FactBoo
  k_2010.pdf
•  
• Budget 101 A Guide to the Budget Process in
  Texas
• Senate Research Center, January 2009
• http//www.senate.state.tx.us/SRC/pdf/Budget101-20
  09-web.pdf
• Rainy Day Fund The Texas Tribune, January 7,
  2011
• http//www.texastribune.org/texas-taxes/rainy-day-
  fund/