Oil prices are currently on the decline, and Texas budget writers - TopicsExpress

Oil prices are currently on the decline, and Texas budget writers may very well fall into the same trap they fell into in 2011, when they lowered the revenue estimates for the state budget to save us from a fiscal drought. In the end, we had a fiscal flood. With our state budget so closely tied to oil and gas production, Texas needs a new revenue forecasting model for the 21st century. bit.ly/1znp6ep

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