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Texas leaders adopt spending cap for next budget

2014-12-02 08:51:42| Electronics - Topix.net

The Legislative Budget Board voted unanimously Monday to set the state's growth rate at 11.68 percent for its next two-year budget, about 1 percent higher than the spending cap for the current budget. The decision comes as state officials expect to enter the next legislative session in January with a multibillion-dollar surplus and competing factions are pushing to ramp spending growth both down and up.

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