Office of the Governor Rick Perry

Texas Budget Compact, Pt. 5: Cutting Wasteful Spending

Friday, May 25, 2012  •  Austin, Texas  •  Noteworthy

A basic value that has helped power the Texas economy over the past decade is our dedication to cutting expenses wherever possible, doing everything we can to get the most possible out of every single taxpayer dollar.

We must remain true to that philosophy whether tax receipts are coming in higher than expected or lower than anticipated.

That's why it's essential that we target and eliminate unnecessary government programs and agencies, especially those that are performing similar, or even identical, functions to those found elsewhere in government.

While we've worked hard over the years to streamline our government and make it more efficient, much more can be done.

We need to keep in place a government that provides essential services, and provides them at the absolute minimum cost to taxpayers.

The five simple yet effective principles of the Texas Budget Compact:

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