DALLAS — The Texas House Appropriations Committee on Wednesday adopted a $164.5 billion, two-year operating budget that reduces spending by $22.9 billion from the current biennium.

The version of House Bill 1 adopted by the committee is not as austere as the original plan proposed by chairman Jim Pitts, R-Waxahachie. But it still includes significant cuts to public education and health care programs, and could result in the loss of 8,000 state jobs.

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.