Taxes

TX Governor Wants Power To Return Unspent Money to Taxpayers

A rare welcome policy proposal

|

Gov. Rick Perry will use his State of the State address to call for amending the Texas Constitution to allow the state to return tax money it collects but doesn't spend back to its citizens, according to an excerpt of the speech released to The Associated Press.

Perry, who is scheduled to deliver the speech Tuesday morning to a joint session of the Legislature, will tell lawmakers that he has "never bought into the notion that if you collect more, you need to spend more."

"Today, I'm calling for a mechanism to be put in place so when we do bring in more than we need, we'll have the option of returning tax money directly to the people who paid it," the governor plans to say. "Currently, that's not something our constitution allows. We need to fix that."