TV News LIES

Thursday, Jun 20th

Last update12:30:26 AM GMT

You are here News Economy Rick Perry Doubled Texas’ Debt, Then Balanced Budget Through Accounting Gimmicks

Rick Perry Doubled Texas’ Debt, Then Balanced Budget Through Accounting Gimmicks

E-mail Print PDF

The self-professed fiscal conservatives resorted to tactics like delaying a $2.3 billion payment to schools by one day to technically push it into the next fiscal year and keep it off the books of this budget. They also “found” $800 million by ordering the state’s accountants to forecast a faster increase in land values to show more property tax income:

Gov. Rick Perry signed a budget that was balanced only through accounting maneuvers, rewriting school funding laws, ignoring a growing population and delaying payments on bills coming due in 2013.

It accomplishes, however, what the Republican majority wanted most: It did not raise taxes, took little from the Rainy Day Fund and shifted any future deficits onto the next Legislature.

More...


Most Recent Related Stories...


Bank of America whistle-blower’s bombshell: “We were told to lie”

Bank of AmericaBank of America’s mortgage servicing unit systematically lied to homeowners, fraudulently denied loan modifications, and paid...

US tax inspector targets Caribbean bank in search for tax evaders

Caribbean tax evaders targetedA Caribbean bank formerly co-owned by Barclays has been targeted by US tax authorities seeking information...

18 Major US Corporations Use Tax Havens to Skirt $92 Billion In U.S. Taxes: CTJ

Offshore accountsApple is not alone.  Dell, Microsoft and Fifteen Other Fortune-500 Corporations’ Financial Reports Indicate Their Offshore...

America is the only rich country that doesn’t guarantee paid vacation or holidays

Wealthy USAHappy Memorial Day! If your employer is giving you the day off, with pay, pat yourself...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!