AUSTIN — Leaders of state agencies, commissions and institutions of higher education have been instructed to make room for up to a 10 percent cut in funding in the 2014-15 biennial budget.
At a minimum, state agencies will spend in 2014-15 no more than what they have now.
As agency heads prepare their Legislation Appropriation Requests this summer they must provide a supplemental plan for 2014-15 funding that would identify a 5 percent worth of reductions per fiscal year for a total of a 10 percent. The budget instructions also reveal cuts in the 2013 fiscal year could be forthcoming, if economic conditions deteriorate.
The instructions came in a joint letter from Ursula Parks, acting director of the Legislative Budget Board, and Jonathan Hurst, Gov. Rick Perry’s Office of Budget, Planning and Policy.
For the entire story go to Texas Budget Source.