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Associated Press: Texas Economic Power House



 
 
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Old March 28th 14, 12:19 PM posted to rec.pets.cats.anecdotes
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Default Associated Press: Texas Economic Power House

Associated Press: Texas Economic Power House



11 hours ago

excerpts:

"AUSTIN, Texas (AP) -- The $1.3 trillion Texas economy has completely recovered from the Great Recession and is getting stronger, official and independent economists told state lawmakers Thursday/.....

.....the state's rainy day fund will have $8 billion at the end of the 2014-2015 budget year, even if voters in November approve using $4 billion of that fund for roads and highways,..... .

....Increased housing starts and automobile sales also have helped spur the recovery...

..Texas unemployment is down to 5.7 percent, about a point lower than the national average, and the state's average home price has broken $200,000 for the first time ever. Consumer confidence in Texas is above average,...

.....Texas lost 400,000 jobs between 2007 and 2011, but has since added more than a million.....

.....Texas does not have an income tax...."
 




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