Tuesday, April 30, 2013

More from the Comb's follies

For someone who is marketing herself as the "State's CFO" it's becoming increasingly clear that Susan Combs knows very little about finance.....

Shale Boom has major impact on State's budget. Kate Galbraith, Texas Tribune

But the most significant effect from the boom may be seen in the state’s coffers. Taxes on oil and gas production have soared past estimates from the state’s comptroller’s office for fiscal 2012. And with production expected to continue to rise over the next several years, the economic benefits will continue.

The inability by the State Comptroller to provide meaningful and accurate revenue estimate is severely hampering the State Budgeting process.  And this is an elected official who wants to be trusted with an even more meaninful role in the future?

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