Since their state was forged in the fires of revolution, Texans have traditionally believed in a limited government, one that met basic needs and lived within its means. Having benefited from the state’s boundless opportunity while growing up in Houston, Lt. Governor David Dewhurst worked tirelessly to expand that opportunity for others while leading the Texas Senate. From reining in state spending and cutting taxes to expanding the state’s reserve funds, Dewhurst set a new standard for fiscally conservative leadership at the state level.
During his tenure, Lt. Governor Dewhurst balanced six consecutive budgets without raising taxes, a feat that elected officials in Washington, DC couldn't imagine in their wildest dreams. Despite the backing of a constitutional imperative, the budget-writing process still required Lt. Governor Dewhurst's deft skills as a negotiator, aligning various interests to build consensus and keep the state financially stable.
While tax cuts are a siren song for many on the campaign trail, the accompanying need to reduce spending often poses the tougher challenge. By focusing on efficiencies and leading from a perspective of conservative Texas values, Dewhurst was able to rein in government spending. From 2002 through 2015, spending declined by 11.5 percent when adjusted for population growth and inflation.
To weather the ravages of a nationwide recession, the Texas Legislature was under pressure to raise taxes and increase spending to offset a decrease in sales tax revenues. Instead, Lt. Governor Dewhurst led a bold belt-tightening effort that kept spending in check and taxes low. As the nation began its recovery and Texas tax revenues increased, Dewhurst kept a firm hand on spending. Between the fiscal years of 2011 to 2015, spending only increased at 6.9%; which was far below the rate of population and inflation growth.
Created by legislators to help Texas weather swings in tax revenues driven by economic trends, the state's Rainy Day Fund balance stood at $560 Million when Dewhurst took office. Thanks to his fiscally conservative leadership, the balance was protected from legislators who offered endless reasons to raid the state savings account. As a result, by the end of his final term, the balance had grown to more than $8 Billion dollars.
Drawing on a business background where redundancies and inefficiencies are reviled, Lt. Governor Dewhurst turned his scrutiny on the various and sundry state agencies tasked with providing services to Texas taxpayers. By applying simple criteria to gauge effectiveness, seeking ways to combine functions or eliminate outdated responsibilities, Dewhurst successfully oversaw the consolidation or elimination of 57 state agencies. This further reduced government spending while improving the effectiveness of state government.
Pellentesque ut neque. Nunc nonummy metus. Phasellus ullamcorper ipsum rutrum nunc. Praesent ut ligula non mi varius sagittis. Ut non enim eleifend felis pretium feugiat.
Aliquam eu nunc. Fusce pharetra convallis urna. Praesent nec nisl a purus blandit viverra.
+1 046 244 3912
+1 046 244 3912
350 Fourth Avenue, 34th floor
New York, USA