Rick Perry presidential campaign, 2016/Budgets
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 Rick Perry |
Governor of Texas (2000-2015) Lieutenant Governor of Texas (1998-2000) Texas Agriculture Commissioner (1990 - 1998) Texas House of Representatives (1984-1990) |
 Republican candidate: |
2028 • 2024 • 2020 • 2016 |
This page was current as of the 2016 election.
- See also: Texas state budget and finances
- As governor of Texas from 2000 to 2015, Rick Perry crafted seven biennial state budgets.[2]
- According to a report published by the Cato Institute in early 2015, during Perry's tenure as governor, "the Texas general fund budget has gyrated substantially over the biennium budget cycles. Also, total state spending has risen more quickly than general fund spending, with growth coming in at an annual average of 5 percent since 2000."[3]
- In October 2011, Perry wrote an op-ed in The Wall Street Journal explained his vision for reforming government spending. Perry proposed "capping federal spending at 18% of our gross domestic product, banning earmarks and future bailouts, and passing a Balanced Budget Amendment to the Constitution."[4]
- According to a 2006 press release from the governor's office, Perry advocated for giving line item veto authority to the president and noted that Perry has made good use of the authority himself, vetoing "nearly six times as much proposed spending as the last four governors combined."[5]
- Perry created the Texas Enterprise Fund (TEF) in 2003 "to help attract new jobs and investment to the state." According to the Houston Chronicle, Club for Growth called TEF "a form of corporate welfare." As of 2015, the initiative has generated 70,000 new jobs and $21 billion in capital investment.[6][7]
- In 2002, Perry introduced a massive transportation infrastructure project called the Trans-Texas Corridor, which would have created "a network of broad corridors linking major cities, with toll roads for cars and trucks, tracks for freight and passenger rail, and space for pipelines and power lines." The proposal would have cost $175 billion, but it was dropped due to negative response from the public.[8]
- While serving as a Democrat in the Texas Legislature in the 1980s, Perry was a member of the "Pit Bulls,” a group of fiscal conservatives who pushed for slim state budgets.[9]
Recent news
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See also
Footnotes
- ↑ CNN, "Rick Perry launches comeback White House bid," June 4, 2015
- ↑ State of Texas, “Legislative Reference Library," accessed December 2, 2014
- ↑ Cato Institute, "Fiscal Policy Report Card on America's Governors 2014," accessed June 5, 2015
- ↑ The Wall Street Journal, "My Tax and Spending Reform Plan," October 25, 2011
- ↑ Office of the Governor Rick Perry, "Gov. Perry Urges Congress to Grant the President Line Item Veto Authority," accessed June 5, 2015
- ↑ Houston Chronicle, “Perry’s small government philosophy contradicts his support of hands-on policies," September 1, 2011
- ↑ Office of the Governor Greg Abbott, "Economic Development & Tourism - Texas Enterprise Fund," accessed June 5, 2015
- ↑ Houston Chronicle, "Trans-Texas Corridor plans dropped after public outcry," accessed December 17, 2014
- ↑ USA Today, “GOP's Rick Perry spent early years as a Democrat," July 15, 2011
