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Texas faces oil industry crisis and budget strain
A study commission report warns that continued oil production decline could swell state deficits by 32.09 million dollars and threaten public welfare, highway, and education funding. Officials including Gov. Dan Daniel, Comptroller Calvert, and lawmakers warn of reduced oil revenue and higher taxes while oil layoffs erode Texas employment.
MENTIONED IN THIS ARTICLE
Austin
Dantel
Texas
Robert Si Calvert
Dave
Phas
Texas Econosty
Bynes A. Mullins
General Land Ice
Que Company
J. Warren
Tegna Education Agency
Marshall Formby
Texas Highway Commission
John FH. Winters
Public Welfare
Rep
Max Smith
House Appropriations
Dallas Federal Reserve Bank
Ekely
Eise
French Robertson
Abilene