Texas
What to do with Texas’ $24 billion budget surplus?
![What to do with Texas’ billion budget surplus? What to do with Texas’ billion budget surplus?](https://res.cloudinary.com/graham-media-group/image/upload/f_auto/q_auto/c_thumb,w_700/v1/arc-cf/05-20-2022/t_a0c9bbf8f4cd4913aa6dba6743e75480_name_image.jpg?_a=ATAK9d60)
Houston, TX – The state of Texas’ financial system is booming and now lawmakers are taking a look at learn how to finest use the fruits of the labor market.
In line with lawmakers the state’s common income fund has grown to roughly $12 billion on account of the financial system. The wet day fund additionally holds roughly $12 billion.
The staggering surplus places Texas in a state of affairs it possible has by no means been in earlier than and likewise create a problem for lawmakers on learn how to divide all of it up.
“It places us ready the place the governor and the management of Texas can do some unbelievable issues,” stated Senator Borris Miles, a Democrat representing District 13.
The finances received’t be addressed till the subsequent legislature, however already policymakers have concepts.
Final week, KPRC 2 Investigates reported on the impression rising property taxes is having on Houston-area householders. Governor Greg Abbott signaled that he could be open to a long-term plan utilizing the excess to assist.
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“I strongly assist utilizing the state surplus to cut back the quantity of property taxes owed,” stated Abbott.
Republican senator Paul Bettencourt, who represents district 7, additionally needs to see a portion of the excess to assist pay down the college’s upkeep and operations tax element for property homeowners.
“I feel that at the least half of the surplus ought to return to the general public within the type of tax aid,” stated Bettencourt.
Nevertheless, Miles argues the purchase down wouldn’t assist the hundreds of people who find themselves renters. Miles argues the primary $4.5 billion ought to go to the commitments of Medicare funding and reimbursements, which is already within the pipeline.
“I can’t think about the governor not going to proceed what we’ve already began,” stated Miles.
Democrat Senator John Whitmire would steer billions to public security and the state’s infrastructure. However he does suppose Republican management will take a special course.
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“I might counsel that in all probability most of it will likely be saved in a wet day fund,” stated Whitmire.
“There are individuals in Texas, in our society, and in Houston, who suppose it’s raining proper now,” stated Miles.
Whereas Texas is driving a sizzling streak, Bettencourt factors out “all good issues come to an finish.”
We need to hear what you concentrate on the multi-billion greenback surplus. Tell us utilizing the shape beneath!
Copyright 2022 by KPRC Click2Houston – All rights reserved.
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Texas
Texas A&M Star OF Hayden Schott Receives Extra Year Of Eligibility By NCAA
![Texas A&M Star OF Hayden Schott Receives Extra Year Of Eligibility By NCAA Texas A&M Star OF Hayden Schott Receives Extra Year Of Eligibility By NCAA](https://images2.minutemediacdn.com/image/upload/c_crop,w_6664,h_3748,x_0,y_0/c_fill,w_1440,ar_16:9,f_auto,q_auto,g_auto/images/ImagnImages/mmsport/all_aggies/01j44yv61rnhzv23fba3.jpg)
It’s official: Hayden Schott is coming back for at least one more year.
The graduate student from Newport Beach, CA was finally granted his eligibility waiver from the NCAA Wednesday. Schott had earlier announced he would be returning to Texas A&M after previously entering the transfer portal. With the waiver, he is now officially able to take the field for Texas A&M in the 2025 season.
Last month on X, Schott expressed a desperate desire for the additional year upon hearing the news that Michael Earley would be coaching the Aggies.
I’m really gonna need you to approve that extra year now @NCAA @NCAABaseball . I would like to delay reality a LITTLE bit longer.
— Hayden Schott (@SchottHayden) June 30, 2024
Schott, ever the personality, won over the 12th Man with his talent on the diamond and his charisma off of it. He quickly made an impact in his first year in Aggieland, batting a team-leading .335 to go along with eight home runs and 63 runs batted in. He was a pivotal piece of the Aggie offense, especially deep in the playoffs, delivering several clutch hits late in games to boost Texas A&M to Omaha.
Before College Station, Schott earned an Ivy League education at Columbia and was named a first-team all-conference player in 2022, hitting 23 round-trippers in his time there.
Schott’s return to the club is just another chapter in the success that Michael Earley has already achieved as A&M’s coach, and the season still isn’t for another six or seven months. Since being named the head coach, Earley has managed to bring back most of the roster, especially stars like Gavin Grahovac and Jace LaViolette who had entered the NCAA transfer portal.
Earley has even brought in outside transfers as well, such as Texas Tech first baseman Gavin Kash, one of the top-ranked athletes in the transfer portal this offseason, as well as pitchers Grant Cunningham and Kyrin LeBlanc.
With the way the offseason has shaped out so far, getting back to Omaha should be smooth sailing for the Aggies.
Texas
Austin, Texas ranks as best city in the US to start a business. See top 10 list
![Austin, Texas ranks as best city in the US to start a business. See top 10 list Austin, Texas ranks as best city in the US to start a business. See top 10 list](https://www.gannett-cdn.com/authoring/authoring-images/2024/06/17/PDTF/74124018007-adobe-stock-264695605.jpg?auto=webp&crop=1999,1125,x0,y133&format=pjpg&width=1200)
Get more done: Here are 5 keys to hyperfocus time management
Need better work/life balance? USA TODAY business columnist Paul C. Brunson offers his tips to help you move more efficiently through your day.
Paul C. Brunson, Special to USA TODAY
Do you have an entrepreneurial spirit, or are you thinking about starting your own business? Maybe you have a great idea, but you are not sure what city you want to start it in.
According to a study by USA TODAY, Texas has cities that are great for pursuing a business. The article pulls studies from the U.S. Bureau of Labor Statistics, U.S. Census Bureau, and Bureau of Economic Analysis.
And with a city like Austin home to businesses such as YETI, IBM, Dell Technologies, and Oracle, there could be optimism that others will do the same.
More: Texas ranks third for business among US states in 2024, CNBC study reports
Here’s a look at how well Texas cities do when starting a business.
The top 10 cities to start a business in the U.S.
According to USA TODAY’s research, here is the list of the top 10 cities in the U.S. to start a business.
- Austin, Texas.
- Miami, Florida.
- Nashville, Tennessee.
- Dallas, Texas.
- Atlanta, Georgia.
- Phoenix, Arizona.
- Jacksonville, Florida.
- Raleigh, North Carolina.
- Houston, Texas.
- Tampa, Florida.
What Texas cities have the most entrepreneurs?
USA TODAY examined metrics of 46 of the most popular cities in the U.S.
According to their list, here a list of cities with the most entrepreneurs:
- Los Angeles
- Nashville
- San Francisco
- San Diego
- Miami
- Austin
- Sacramento
- Portland
- Dallas
- Denver
- Houston
- Washington
- Atlanta
- Oklahoma City
- San Antonio
- Colorado Springs
- Tulsa
- Minneapolis
- Seattle
- New York
- Boston
- San Jose
- Charlotte
- Phoenix
- Fresno
- Omaha
- Wichita
- Raleigh
- Louisville
- Albuquerque
- Baltimore
- Tampa
- Las Vegas
- Kansas City
- Columbus
- Tucson
- Memphis
- Bakersfield
- Jacksonville
- Philadelphia
- Indianapolis
- El Paso
- Chicago
- Virginia Beach
- Detroit
- Milwaukee
How to register an LLC in Texas
Numerous small businesses choose to form limited liability companies (LLCs) because LLCs provide similar liability protections to corporations but with a more flexible structure and reduced administrative demands.
If you’re looking to start a business in Texas, here is how to register your LLC.
- Choose a Name for Your LLC: The name must be unique and distinguishable from other business entities registered in Texas. It must include “Limited Liability Company” or an abbreviation like “LLC” or “L.L.C.”
- Reserve Your LLC Name: You can reserve your desired LLC name for 120 days by filing Form 501 (Application for Reservation or Renewal of Reservation of an Entity Name) and paying a fee.
- Designate a Registered Agent: A registered agent is required to receive legal documents on behalf of the LLC. The agent can be an individual or a business entity authorized to do business in Texas.
- File a Certificate of Formation: Complete and file Form 205 (Certificate of Formation) with the Texas Secretary of State. You can file online, by mail, or in person. The filing fee is $300.
- Create an Operating Agreement: Although not required by law, it is highly recommended to draft an operating agreement outlining the ownership and operating procedures of the LLC.
- Obtain an EIN (Employer Identification Number): Apply for an EIN from the IRS either online or by mail. An EIN is necessary for tax purposes and to open a business bank account.
- File for State and Local Business Licenses and Permits: Depending on your business type and location, you may need additional licenses or permits to operate legally in Texas.
- Comply with Texas Tax and Regulatory Requirements: Register with the Texas Comptroller of Public Accounts if your LLC will be selling goods or services subject to sales tax. File an annual Public Information Report with the Texas Secretary of State and pay any required franchise taxes.
Texas
Texas' floating Rio Grande barrier can stay for now, court rules as larger legal battle persists
![Texas' floating Rio Grande barrier can stay for now, court rules as larger legal battle persists Texas' floating Rio Grande barrier can stay for now, court rules as larger legal battle persists](https://s.abcnews.com/images/US/abc_news_default_2000x2000_update_16x9_992.jpg)
AUSTIN, Texas — A floating barrier in the Rio Grande meant to discourage migrants from trying to cross from Mexico into Texas can stay for now, a full federal appeals court ruled Tuesday.
The decision by the 5th U.S. Circuit Court of Appeals overturned a previous decision by a panel of the court. The ruling is the latest development in a standoff between Texas and President Joe Biden’s administration over immigration on the state’s 1,200-mile (1,930-kilometer) border with Mexico.
In December, a divided panel of the 5th Circuit had sided with a federal district judge in Texas who said the buoys must be moved. The entire appeals court on Tuesday said the court abused its discretion in granting the preliminary injunction.
The broader lawsuit in district court is set for a trial beginning on Aug. 6, where the Biden administration accuses Texas of violating the federal Rivers and Harbor Act. Vanita Gupta, associate attorney general, said Texas “flouted federal law” and risks damaging U.S. foreign policy.
The series of linked, concrete-anchored buoys stretches roughly the length of three soccer fields in one of the busiest hotspots for illegal border crossings. The state installed it along the international border with Mexico between the Texas border city of Eagle Pass and Piedras Negras, Coahuila.
The Justice Department had asked a federal court to order Texas to remove the buoys, saying the water barrier poses humanitarian and environmental concerns along the international boundary. Abbott has waved off the lawsuit as he is cheered on by conservative allies who are eager for cases that would empower states to take on more aggressive immigration measures.
The barrier is one focal point in the legal disputes over border control between Democratic President Joe Biden and Abbott. The Biden administration also is fighting for the right to cut razor-wire fencing at the border and for access to a city park at the border that the state fenced off.
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