Texas Is the Tale of Two Economies
Authored by Amanda Posson, Sammy Cervantes, and Shannon Halbrook. Texas Is the Tale of Two Economies Working Texas Families Are Worth Our Fair Share of
Federal dollars account for one-third of the Texas state budget.
Source: Legislative Budget Board
Federal expenditures in Texas are one and a half times as much as what our state and local government revenues pay for, combined. Federal dollars account for one-third of the Texas state budget and one-tenth of preK-12 investments.
Federal grants usually pay for one-third of the Texas state budget, the same as in most other states. Some, like Medicaid, foster care, or the Children’s Health Insurance Program require state or local dollars to be spent as “match” while others are a set amount based on state demographics. Federal aid is especially critical in state health and human services (almost 60 percent federally funded overall) and nutrition benefits (almost 100 percent federally funded).
Outside the state budget, Social Security and Medicare provide near-universal income support and access to health care for Texas seniors, while federal tax credits such as the Earned Income Tax Credit and Child Tax Credit are powerful anti-poverty tools.
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Authored by Amanda Posson, Sammy Cervantes, and Shannon Halbrook. Texas Is the Tale of Two Economies Working Texas Families Are Worth Our Fair Share of
Authored by Amanda Posson, Sammy Cervantes, and Shannon Halbrook. State of Working Texans 2024 Texas Is Powered by Working Families In Texas, there is more
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