In today’s meeting of the Senate Finance Subcommittee on Fiscal Matters, Chairman Duncan announced the Subcommittee’s goal is to find $5 billion in non-tax revenues. Duncan has assigned the Senators to topics and research teams in order to meet this goal. The Senators are to present their findings by March 25 and the Subcommittee expects to lay out their recommendations in a public hearing next week.
Committee members Sens.: Robert Duncan (R), Robert Deuell (R), Kevin Eltife (R), Dan Patrick (R), Royce West (D), Thomas Williams (R), Judith Zaffirini (D)
The research topics and Senator assignments are as follows:
- Maximize utility of all state assets
- Senator West (takes lead on research) and Senator Williams
- Maximize use of general revenue dedicated (GRD) funds
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- Sen. Eltife (lead) and Sen. Patrick
- Consider statutory changes embedded in HB 1 Committee Substitute
- Sen. Deuell (lead) and Sen. Zaffirini
- Review State fees
- Sen. Zaffirini (lead) and Sen. Deuell
- Improve efficiency of tax collections & Review utility of existing tax exemptions
- Sen. Patrick (lead) and Sen. West
- Explore other non-tax revenue options
- Research team to be determined