The Recovery Act invested millions in new projects that are improving our infrastructue, repairing homes, and much more. But it also provided millions in direct benefits for families, students, businesses, investors, and more including more than $288 million in various forms of tax relief. Guidance on how to access each of those benefits is below.
Submitted by Center for Publ... on Wed, 05/26/2010 - 22:37
Update on Texas Weatherization Program
Texas, like many other states, has been slow to implement weatherization services since receiving $327 million in September 2009 from the American Recovery and Reinvestment Act (ARRA). As of February 2010, only 2 percent of total funds have been expended and approximately 3.2 percent of homes weatherized out of the estimated 34,000 slated for service. To read the CPPP update, go to http://www.cppp.org/files/11/Policy_Point_Weatherization.pdf
Submitted by Center for Publ... on Wed, 05/26/2010 - 20:47
The Debate Continues over $555 Million for UI
Nearly one year to the day after SB 1569, a bill that would have modernized Texas' unemployment insurance system to qualify the state for $555 million in ARRA incentive payments, died on the House floor, the business community has largely stuck to its position. Many panel members needed to be reminded that the Senate passed the bill 19-11, and the bill was not defeated by the Legislature, bur rather got ensnarled in a toxic brew of voter ID, computer malfunctions, and Top Ten reform.
Submitted by Texas Impact on Wed, 05/12/2010 - 02:59
Straus: "No New Taxes" State Budget
On May 11 at the House Appropriations committee meeting, Speaker of the House Joe Straus told committee members that they should balance the 2011-2012 biennial budget with no new taxes.
Straus argued that federal income taxes will be too high in the coming years due to declining revenue and growing population; therefore, it would be in the best interest of the people of Texas to keep state taxes low. He said that "every cost savings idea must be on the table" and said that the 5% budget cuts that Gov. Perry mandated this biennium are just the beginning.
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