Texas budget fairing well but problems remain - KFDA - NewsChannel 10 / Amarillo News, Weather, Sports

Texas budget fairing well but problems remain

Posted: Updated:

Texas - Texas' budget is the envy of many other states.

State revenues have rebounded over the past couple of years, our reserve balance is being called "impressive" and our public employee pension systems remain strong.

But in order to keep it that way, we need to make some improvements.

That's according to the State Budget Crisis Task Force that formed in 2011 to study budget challenges facing Texas and five other states.

What they found is Medicaid is a source of state budget uncertainty, infrastructure needs could exert strong pressure on the state's finances and we lead the nation with the most uninsured.

Some solutions to our problems include building more roads and reservoirs to keep up with the growing population, as well as modernizing the tax system so we can educate more children living in poverty.

In 2010, Texas ranked sixth among states in its share of people living in poverty.

In the future budget experts say we need a plan to address what the state finds when it looks beyond the next two years.