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Texas: What’s Behind The State’s Budget Gap
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Texas: What’s Behind The State’s Budget Gap
Texas’s biennial budget gap ranges from a low of $15 billion to a high of $27 billion. What’s causing the huge shortfall, and what are the implications for the state’s finances? In this CreditMatters TV segment, Standard & Poor’s Director Horacio Aldrete-Sanchez identifies the deficit’s key drivers, the impact on the state’s fiscal health, how the state plans to solve the problem, and what likely lies ahead for its finances.
Video Length: 409
Date Found: March 19, 2011
Date Produced: March 16, 2011
View Count: 0
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