March 22, 2020      6:33 PM

SB: Comptroller tells Texas House members the GR end balance will be negative as he expects to revise revenues downward by billions of dollars

Comptroller Hegar refers to the “current recession” in conversation with members; Appropriations Chairman Capriglione said the committee’s agenda has been ripped up and they’ll start fresh as real numbers come into focus

Texas House members on a conference call this evening with Speaker Dennis Bonnen and Comptroller Glenn Hegar were just beginning to learn how tough the budget situation ahead will be as the coronavirus pandemic and oil price war both unfold globally, according to sources familiar with the hour-long conversation.

Here’s what we know about the talks, which Speaker Bonnen apparently said were confidential and not for public consumption. That’s despite Bonnen’s acknowledgement that advance information about the conference call had been given to members of the press.

By Scott Braddock

Copyright March 22, 2020, Harvey Kronberg, www.quorumreport.com, All rights are reserved