DALLAS — Texas legislators have agreed on the state’s next two-year spending plan, but still must reconcile revenues with expenditures before the session ends next week

Lawmakers announced an accord late Friday to spend $80.6 billion of general fund revenues in fiscal 2012-13. The total is 11% less than was appropriated in the current budget, which was enhanced with the help from $12 billion of federal ­stimulus funds that are no longer available.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.