81R6692 BPG-D
  By: Pickett H.C.R. No. 29
         WHEREAS, The impact of our nation's economic crisis has begun
  to take a toll on Texas; Comptroller Susan Combs estimates that
  2010-2011 revenues will suffer a $9.1 billion shortfall,
  representing a projected 10.5 percent decline from the current
  budget; and
         WHEREAS, Spending cuts will affect not only education,
  transportation, and other vital state services; state spending cuts
  also undermine potential growth by removing dollars that would
  otherwise be spent on goods and services produced or delivered in
  the state; and
         WHEREAS, The federal government is developing a stimulus
  package aimed at jump-starting the faltering economy; under the
  bill known as the American Recovery and Reinvestment Act of 2009,
  Texas could claim at least $27 billion in federal funds; the
  stimulus plan would send hundreds of millions of dollars to
  cash-strapped school districts and provide $5 billion to stanch the
  flow of red ink from the state's Medicaid program; and
         WHEREAS, In addition, the stimulus package would inject money
  into our economy by assisting the ranks of the unemployed, which are
  expected to increase by more than 100,000 this year and reach a
  level of approximately 6.6 percent in 2010-2011; the state would
  receive an additional $846 million for unemployment insurance, and
  Texans losing jobs after September 1, 2008, would receive a subsidy
  to help them keep their previous employer-sponsored health
  insurance; and
         WHEREAS, The Texas economy can also benefit by provisions in
  the American Recovery and Reinvestment Act of 2009 designed to
  preserve and create jobs, to provide investment in technology,
  transportation, energy efficiency, environmental protection, and
  infrastructure, and to minimize or avert reductions in essential
  services; and
         WHEREAS, With oil and gas prices and exports declining, Texas
  can expect to feel the effects of this recession more sharply; it is
  essential that the state quickly take advantage of all stimulus
  funds available from the federal government in order to lessen the
  current impact of the economic downturn and prepare the foundation
  for long-term growth and prosperity when the national economy
  recovers; now, therefore, be it
         RESOLVED, That the 81st Legislature of the State of Texas
  hereby express its intent that the state accept federal economic
  stimulus funds appropriated under the American Recovery and
  Reinvestment Act of 2009 or any other such legislation.