TYLER, Texas (KLTV) - The state and local governments have largely done a solid job during the Covid public health response. There may be some strategy points that can be debated, but that is largely a result of being able to look back and armchair quarterback the situation.
Now it is time for these same entities and others to prepare economically for the next Covid response. Texas will be facing a state revenue, tax generated shortfall in the coming legislative session. Local governments – city and county - will also be faced with reduced and changing tax bases.
The Texas Legislature will meet in 2021 and work is casually beginning now to plan the state’s budget for the next two years after that session. So, state leaders must find a way to be nimble and meet a dynamic financial situation that will be present for some time to come. No one knows how long, but planning for the worst will soften the impact.