Van Taylor Statement on Passing the State Budget
AUSTIN, TX - Senator Van Taylor today praised the passing of the state budget. A strong fiscal conservative Taylor has been a vocal advocate for limiting the growth of government, protecting the Constitutional spending cap, and defending the Rainy Day Fund while funding priorities including education, transportation, border security, and tax relief.
"My inspiration for serving in public office is my three daughters and ensuring all of our children and grandchildren have every opportunity find a job, raise their family, and pursue their dreams right here in Texas," stated Taylor. "As we evaluate our state budget, I believe we must make all decisions aimed at ensuring that we pass off strong, secure, and growing state to our next generation. We achieve this by applying the conservative principles that have made our state a beacon of prosperity and opportunity to our nation. The budget passed by the Legislature today honors the commitment made to the people of Texas to limit the growth of government while charting a fiscally responsible path forward for our state."
The budget passed the Senate 30-1 and passed the House by a vote of 115-33.
Key provisions of the budget include:
- Limits the growth of government to population and inflation.
- Provides $1.2 billion in property tax relief and $2.6 billion in franchise tax cuts.
- Ends highway funding diversions, includes a one-time dedication of $1.2 billion from the motor vehicle sales tax to the state highway fund and anticipates $2.4 billion over the biennium from Proposition 1.
- Provides $800 million for border security – double what was appropriated last session.
- Adds $1.5 billion to current education formula funding, covers enrollment growth and increases the basic allotment.
- Eliminates the Emerging Technology Fund, sending roughly half of its funding towards maintaining funding for the Enterprise Fund, and remaining funds going towards higher education research initiatives, including the new Governor's Research Initiative.
- Estimated to grow the Rainy Day Fund $2.4 billion.
- Continues to eliminate previous accounting gimmicks by spending down General Revenue-Dedicated Accounts, ensuring the fees collected go towards their intended purposes.
A seventh generation Texan, local small businessman, and decorated Marine Officer, Van Taylor serves the majority of Collin County and a portion of Dallas County in the Texas Senate where he is widely recognized as a conservative leader. Taylor serves as Vice-Chairman of the Nominations Committee and also as a member of the Education, Health and Human Services, and Transportation Committees. Van and his wife, Anne, married after his return from Iraq and are the proud parents of three young girls. Van and his family reside in Plano near the land his great-grandfather farmed during the Great Depression.