{"id":9043,"date":"2023-01-12T11:28:10","date_gmt":"2023-01-12T18:28:10","guid":{"rendered":"https:\/\/sandiegonewsdesk.com\/?p=9043"},"modified":"2023-01-12T11:28:10","modified_gmt":"2023-01-12T18:28:10","slug":"texas-has-27-billion-surplus-california-has-24-billion-deficit","status":"publish","type":"post","link":"https:\/\/sandiegonewsdesk.com\/?p=9043","title":{"rendered":"Texas has $27 Billion SURPLUS\/California Has $24 Billion DEFICIT"},"content":{"rendered":"<h5>The original story can be read\u00a0<a href=\"http:\/\/www.capoliticalreview.com\/capoliticalnewsandviews\/texas-has-27-billion-surplus-california-has-24-billion-deficit\/\" target=\"_blank\" rel=\"noopener\">here<\/a>.<\/h5>\n<h5>By\u00a0<span class=\"author vcard\"><span class=\"fn\">Stephen Frank<\/span><\/span><\/h5>\n<blockquote><p>People are fleeing California for Texas.\u00a0 In the coming fiscal year Texas will have a surplus of $27 billion, while California will have a deficit of $24 billion.\u00a0 Texas has comparatively low energy and taxes, while California has high energy costs and high taxes.<\/p>\n<p>\u201c\u201cMost of that [increase] on [oil and gas] tax is based on oil and natural gas prices, not necessarily an increase in production,\u201d Hegar said. \u201cWhile production has slightly gone up, most of that is price-induced.\u201d<\/p>\n<p>The \u201cstaggering\u201d amount of oil and gas production taxes collected by the state will help give lawmakers a variety of spending options.<\/p>\n<p>The extra funds represent an ironic benefit for Texas\u2019 top leaders: For months, they have been blasting President Joe Biden over inflation and gas prices. Now, those trends will give them an unprecedented amount of money to spend on their priorities in 2023.<\/p>\n<p>Texas loves oil.\u00a0 California hates it.\u00a0 Texas has a major surplus and California a major deficit.\u00a0 Now you know why.<\/p><\/blockquote>\n<h3 class=\"t-headline t-serif t-lh-s has-b-btm-marg\"><a href=\"https:\/\/www.texastribune.org\/2022\/07\/14\/texas-comptroller-revenue-estimate\/\">Article &#8211; Inflation, high energy prices mean the Texas Legislature will have unprecedented funds to allocate next year<\/a><\/h3>\n<p>&nbsp;<\/p>\n<p>The original story can be read\u00a0<a href=\"http:\/\/www.capoliticalreview.com\/capoliticalnewsandviews\/texas-has-27-billion-surplus-california-has-24-billion-deficit\/\" target=\"_blank\" rel=\"noopener\">here<\/a>.<\/p>\n<p>Photo by\u00a0<a href=\"https:\/\/unsplash.com\/@sharonmccutcheon?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText\">Sharon McCutcheon<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The original story can be read\u00a0here. By\u00a0Stephen Frank People are fleeing California for Texas.\u00a0 In the coming fiscal year Texas will have a surplus of $27 billion, while California will have a deficit of $24 billion.\u00a0 Texas has comparatively low energy and taxes, while California has high energy costs and high taxes. \u201c\u201cMost of that&#8230;<\/p>\n","protected":false},"author":3,"featured_media":1116,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,2],"tags":[],"class_list":["post-9043","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-politics"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v16.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Texas has $27 Billion SURPLUS\/California Has $24 Billion DEFICIT - San Diego News Desk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sandiegonewsdesk.com\/?p=9043\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Texas has $27 Billion SURPLUS\/California Has $24 Billion DEFICIT - San Diego News Desk\" \/>\n<meta property=\"og:description\" content=\"The original story can be read\u00a0here. By\u00a0Stephen Frank People are fleeing California for Texas.\u00a0 In the coming fiscal year Texas will have a surplus of $27 billion, while California will have a deficit of $24 billion.\u00a0 Texas has comparatively low energy and taxes, while California has high energy costs and high taxes. \u201c\u201cMost of that...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/sandiegonewsdesk.com\/?p=9043\" \/>\n<meta property=\"og:site_name\" content=\"San Diego News Desk\" \/>\n<meta property=\"article:published_time\" content=\"2023-01-12T18:28:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/sandiegonewsdesk.com\/wp-content\/uploads\/2019\/08\/Money.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Organization\",\"@id\":\"https:\/\/sandiegonewsdesk.com\/#organization\",\"name\":\"San Diego News Desk\",\"url\":\"https:\/\/sandiegonewsdesk.com\/\",\"sameAs\":[],\"logo\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/sandiegonewsdesk.com\/#logo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/sandiegonewsdesk.com\/wp-content\/uploads\/2019\/07\/Logo-SanDiegoNewsDesk-Article.png\",\"contentUrl\":\"https:\/\/sandiegonewsdesk.com\/wp-content\/uploads\/2019\/07\/Logo-SanDiegoNewsDesk-Article.png\",\"width\":1200,\"height\":720,\"caption\":\"San Diego News Desk\"},\"image\":{\"@id\":\"https:\/\/sandiegonewsdesk.com\/#logo\"}},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/sandiegonewsdesk.com\/#website\",\"url\":\"https:\/\/sandiegonewsdesk.com\/\",\"name\":\"San Diego News Desk\",\"description\":\"Your Source for News in San Diego\",\"publisher\":{\"@id\":\"https:\/\/sandiegonewsdesk.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":\"https:\/\/sandiegonewsdesk.com\/?s={search_term_string}\",\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/sandiegonewsdesk.com\/?p=9043#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/sandiegonewsdesk.com\/wp-content\/uploads\/2019\/08\/Money.jpg\",\"contentUrl\":\"https:\/\/sandiegonewsdesk.com\/wp-content\/uploads\/2019\/08\/Money.jpg\",\"width\":1200,\"height\":720},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/sandiegonewsdesk.com\/?p=9043#webpage\",\"url\":\"https:\/\/sandiegonewsdesk.com\/?p=9043\",\"name\":\"Texas has $27 Billion SURPLUS\/California Has $24 Billion DEFICIT - 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