Legislative Budget Board

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1. Call to order. The meeting was called to order by Lt. Governor Patrick 2. Approve minutes of November 30, 2020 Legislative Budget Board meeting. The minutes were approved. 3. Review the items of information and methodology required to set the Article VIII constitutional tax spending limit on certain appropriations and the consolidated general revenue spending limit for the 2024-25 biennium. Public Comment. No public comment was offered. Update on the 2022-23 Constitutional Spending Limit Growth Rates and Technical Memorandum. Microsoft Word - Publication Technical Memorandum 11-22-22 (texas.gov) The Texas Constitution, Article VIII, Section 22(a), restriction on rate of growth of appropriations, commonly, referred to as the tax spending limit, was established by the passage of a constitutional amendment in 1978. It states that: In no biennium shall the rate of growth of appropriations from state tax revenues not dedicated by this constitution exce

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