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Governor Perry Presents Texas Budget Compact to Texas Business Leader

Press Release

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Date:
Location: Plano, TX

Gov. Rick Perry attended the Plano Chamber of Commerce's Quarterly Luncheon to discuss the Texas Budget Compact, composed of five key principles for a stronger Texas, and to address the health of Texas' economy. The governor met with local business leaders during a roundtable discussion prior to the luncheon to listen to their concerns and get feedback on how to maintain the state's competitive economic edge.

"We faced many challenges in 2011, as we had to prioritize, tighten our belts and, like any business owner or family in Texas, make some difficult choices," Gov. Perry said. "The priorities set and decisions made in 2011 helped stabilize our economy, and it is imperative we remain committed to the sound conservative values that have brought us to where we are today."

"With Gov. Perry's leadership in Austin and the work of the legislature, Plano is one of the many Texas cities that has benefitted with a more stable job market and business environment," Plano Chamber of Commerce President and CEO Jamee Jolly said. "Plano Chamber of Commerce is proud to host the governor and share some of the issues and successes that we have in our local business community."

Gov. Perry has pledged his commitment to the following principles, and asked lawmakers to do the same:

* Practice Truth in Budgeting
* Support a Constitutional limit of spending to the growth of population and inflation
* Oppose any new taxes or tax increases, and make the small business tax exemption permanent
* Preserve a strong Rainy Day Fund
* Cut unnecessary and duplicative government programs and agencies

Committing to these principles now is imperative as we address budget challenges in the 2013 session, specifically with respect to Medicaid, which already consumes a massive amount of our budget and is primed to eat up significantly more in both the short and long terms, especially if the Supreme Court upholds Obamacare.

Additionally, in order for Texas to continue leading the nation in job creation and economic development we must rein in state spending and make the small business tax permanent. Texas' economy continues to rank number one in the nation for job growth and business climate. Our state has added more new jobs over the past year than anywhere else in the country, and the unemployment rate continues to decline, and is more than a full point below the national average. Additionally, state sales tax collections have posted steady gains over the past two years.


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