Gov. Rick Perry touted Texas' strong economy and job creation, and discussed the importance of fiscal responsibility at all levels of government. The governor delivered the keynote speech at the National Conference of State Legislatures Legislative Summit (NCSL).
"Jobs are the fundamental building blocks of any community, and over the last two years, 40 percent of the net new jobs created in the United States were created in Texas," Gov. Perry said. "That's why we continue to make the tough choices that all states and the federal government should be making. We passed a balanced budget while maintaining essential services, kept taxes low and preserved more than $6 billion in our Rainy Day Fund."
Gov. Perry noted that government doesn't create jobs, it creates the environment for jobs to grow. He credited Texas' economic strength to our state's low taxes, reasonable and predictable regulatory climate, fair legal system and skilled workforce.
"Employers fleeing the over-taxing, over-regulating and over-litigating atmosphere that has taken hold in so many other states come to Texas because we've cultivated a culture that rewards innovation without all the red tape," Gov. Perry said.
Texas' economy continues to receive national recognition. For the seventh year in a row, CEOs ranked Texas the top state for business in a survey by Chief Executive Magazine. Texas is also the top exporting state in the nation for the ninth year in a row. Site Selection Magazine awarded Texas the 2010 Governor's Cup for the most new and expanded corporate facilities announced over the year. Additionally, Texas has moved past New York over the past decade to become the nation's second-largest economy.
NCSL brings together legislators and their staff from across the country to exchange ideas on policy, and discuss pressing issues facing the states and our nation. The conference is slated to address budget conditions, education reform, health care implementation and renewable energy, among others.
For more information about Texas' economic accolades, please visit http://governor.state.tx.us/texas_brags/.