Texans, we have it good in our state.
Thanks to our leaders, we are entering this legislative session with money in the bank and our leaders are not looking to tax increases to pay the state bills.
Governor Rick Perry outlined a legislative plan which does not include tax inccreases, and encourages legislators to live within the states' means.
But teacher unions and some big-government advocates are whining for more state spending in Texas. We taxpayers should be saying “thanks” for not putting us in the situation California is in.
In stark contrast to Texas, tax refunds are now on hold in California.
ABC News' Teddy Davis Reported today that tax refunds are now on hold in California for the first time in state history.
The California Franchise Tax Board has been directed not to send tax refund claims to the Comptroller beginning today even before a 30-day delay in tax refunds goes into effect.
During the delay a combined 2.74 million California individuals and businesses will have their tax refund held by the state.
The $1.99 billion in what should be refunds will be used to pay for education, debt service, and other payments that have first claim to state funds.
California has had no money in its general fund for the past 17 months, and has been paying its bills by borrowing from Wall Street and special internal funds.
If the state's legislators and governor do not reach a budget agreement that brings immediate funds into the state's coffers, the state's borrowed funds will be entirely exhausted at the end of February, according to the controller's office.
So, Texans - stop whining. We've got it good in Texas, thanks to our fiscally responsible leadership.
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