Texas House committee adopts budget proposal - KFDA - NewsChannel 10 / Amarillo News, Weather, Sports

Texas House committee adopts budget proposal

AUSTIN, Texas (AP) _ A Texas House committee today approved a $178 billion state budget.

The measure is a 5 percent increase over the previous two-year budget -- but about $4 billion less than the Texas Senate version.

The bill now moves to the full Texas House. The House version includes about $11 billion in spending from the federal stimulus package.

Neither version taps the state's Rainy Day Fund, which is expected to have $9.1 billion if left untouched over the next two years.

The Texas Transportation Department has already announced over $2 billion worth of road projects from the stimulus package.

The House budget also authorizes $300 million in bonds for cancer research and prevention, compared to $600 million in the Senate version.

The House also put more than $200 million into the cash-strapped TEXAS Grants, the state's biggest college financial aid program.

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