Texas 2014-2015 budget could be settled Wednesday

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by FOTI KALLERGIS / KVUE News and photjournalist KENNETH NULL

FOTI KALLERGIS / News Reporter & KENNETH NULL / Photojournalist

Posted on May 15, 2013 at 12:22 PM

Updated Wednesday, May 15 at 12:41 PM

AUSTIN -- The chairman of the Appropriations Committee promised a compromise to the state's nearly $200 billion budget battle would be resolved by Wednesday.

"We may put a bow. We will put a bow on this tomorrow," said Chairman Jim Pitts Tuesday afternoon. "I'm planning on it. That's my plan for the budget, is that we will be finished."

The battle is over $5.6 billion that was cut from the State Education Fund last legislative session. Democrats want all of the money returned this time around. Republicans, so far, have only committed themselves to returning $3.2 billion.

Money from the Rainy Day Fund is not a part of the the committed appropriation. Some of the funds were brought in from higher than anticipated property tax revenues.

Another point of contention is water funding. Lawmakers want to appropriate $2 billion towards water programs around Texas, but appropriating the money may require a constitutional amendment.

The 83rd Legislative session ends Monday May 27.

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