Texas State Senate: S.B. 500 Passes to Engrossment

The Full Senate took up SB500 (Committee Report) by Nelson, relating to making supplemental appropriations and reductions in appropriations and giving direction, including direction regarding reimbursement, and adjustment authority regarding appropriations. The initial bill provided a General Revenue and GR Dedicated negative impact of ($1,449,497,694) through the biennium ending August 31, 2021. The Committee report provides a General Revenue and GR Dedicated negative impact of ($1,512,280,572) through the biennium ending August 31, 2021. These figures only address GR and GR related but do not include expenditures from the Economic Stabilization Fund or federal funds. Each legislative session, state agencies project the costs of fulfilling their functions and providing important services for the following two-year budget period. This information, combined with the biennial estimate of revenues submitted to the governor and the legislature before the convening of each regular sessio