Dewhurst seeking $5 billion to balance budget

AUSTIN, Texas (AP) - Republican Lt. Gov. David Dewhurst wants the Senate to turn over every rock to find $5 billion in new revenue.

He's asking the chief Senate budget writer to form a new Subcommittee on Fiscal Matters to find the money in savings and non-tax revenue to balance the budget.

He says lawmakers need to "conduct a thorough review of the budget and look closely at every cost-saving alternative before there is any further discussion about tapping into the Rainy Day Fund."

With a projected revenue shortfall of more than $15 billion, the Legislature is making severe cuts across state government to balance the 2012-2013 Texas budget.

Lubbock Sen. Robert Duncan will serve as chairman of the committee.