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Newspaper
Baytown Sun
Location
Baytown, Texas, United States of America
Date
Mar 24, 2009
Page
7
Joyce Pennington of Faith Presbyterian Church and the Kiwanis Club thanked Baytown residents for ongoing aid to Oak Island. She noted the island has repeatedly received generosity and urged others to visit. Shhauberger expressed gratitude for the support.
The Texas Senate Finance Committee plans to vote next week on a two year budget that includes federal stimulus money. Senator Dewhurst criticizes the stimulus debt, while Senator Ogden notes the plan balances without Rainy Day Fund uses. Federal funds total under 10 percent of about 177 billion dollars in all funds. An extra 3.3 billion in stimulus money remains for the current budget period ending this summer. The House prepares its own budget version for a vote next month as the biennial session runs to June.
The Texas insurance industry posted about 1.4 billion dollars in losses in 2008 as three hurricanes Dolly Gustav and Ike plus severe spring storms drove premiums to 5.2 billion while total losses reached 6.6 billion. The incurred loss ratio hit 127 percent and the combined loss and expense ratio stood at 165 percent, signaling a financially tough year for Texas insurers.
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