The Dallas Morning News: Federal Spending Cuts Build Across Texas
The Pew Charitable Trusts ranks Texas among the five states most vulnerable to spending cuts to federal grants and changes to federal spending on contracts, salaries and wages.
Pew estimates that federal grants represented 39.4 percent of Texas’ state revenue in 2011, based on the latest census data available. Of that, grants subject to automatic spending cuts made up 8 percent of Texas revenue in 2010. (Both percentages were higher than the national average.)
“The economic impact could be much broader,” said Anne Stauffer, a director of the Pew Charitable Trusts. “State officials are worried about the total economic impact of spending to their state … through possible ripple effects.”
Read the full article at The Dallas Morning News.