In The News

Thursday, August 28, 2014 - 5:08pm
Darrell Preston

Texas sold $5.4 billion of one-year notes at a record-low yield for the second-most populous U.S. state of 0.13 percent, according to the comptroller’s office. The borrowing, which will pay for schools and other expenses before receiving tax revenue, is the state’s smallest short-term note sale since 2007 and beat last year’s previous all-time low of 0.201 percent. 

Thursday, August 14, 2014 - 6:12pm
Wall Street Journal

Premiums for individual major medical plans in Florida that are compliant with the federal Patient Protection & Affordable Care Act (PPACA) regulatory requirements will go up an average of 13.2% in 2015, according to data provided to the Florida Office of Insurance Regulation (Office) by insurance providers. 

Wednesday, July 30, 2014 - 1:23pm
Susan Combs

I wanted to let you know about a new effort we have undertaken for the fall General Election. As the CFO of the state, I have a broad and high-level perspective on the state’s economy, and I am constantly amazed at the extraordinary transformation that has taken place in Texas over the past few decades. How did this happen? About 20 years ago, conservative leaders set in motion policies and strategies to provide the best chance for every Texan. Their mission was simple: keep taxes low, keep government small, reward innovation and investment with certainty...

Friday, July 25, 2014 - 12:43pm
Austin American-Statesman
Dan Zehr

Texas has one of the country’s largest and fastest-growing youth populations, but the economic boost they could deliver when they enter the workforce won’t materialize unless the state supports the training programs they need to launch and sustain their careers, according to a new report released from the state comptroller’s office.The working-age population in Texas is projected to grow about 37 percent over the next three decades, the report said, more than three times the national average. And those young workers could provide the state a key economic advantage, giving it a more vibrant...

Wednesday, July 23, 2014 - 10:46am
Houston Chronicle
Susan Combs and Harrison Keller

In an information-driven society, nothing is more important to our long-term economic success than a well-educated, well-trained workforce. If Texas is to continue its astonishing economic growth, we need to set high expectations for our public schools, workforce training, colleges and universities — and make sure we meet them, consistently, for all Texans.  

Tuesday, July 1, 2014 - 2:40pm
Austin American-Statesman
Julie Chang

Texas school districts trying to keep pace with growth are paying anywhere from $76 to $260 per square foot for new schools, a disparity that highlights a lack of uniform standards across more than 1,000 districts, according to a new report from the state comptroller’s office.State Comptroller Susan Combs said even getting the basic information about building projects was so difficult that she wonders how districts can say they are being transparent about their construction costs.“It took us seven months and tireless, relentless bird-dogging of every school district in the state to get it...

Wednesday, June 25, 2014 - 6:01pm
Wall Street Journal

The IRS is spinning a tale of bureaucratic incompetence to explain the vanishing emails from former Tax Exempt Organizations doyenne Lois Lerner and six other IRS employees. We have less faith by the minute that there is an innocent explanation for this failure to cooperate with Congress, but even if true it doesn't matter. The IRS was under a legal obligation to retain the information because of a litigation hold. In 2009 a pro-Israel group called Z Street applied to the IRS for tax-exempt status. When the process was delayed, an IRS agent told the group that its application was...

Friday, May 30, 2014 - 5:42pm
Wall Street Journal

It must feel like Groundhog Day at the Veterans Affairs Office of Inspector General. On Wednesday it issued an interim report—its 19th since 2005—documenting excessive wait times at VA hospitals. Cue the choir in Congress demanding the heave-ho for Secretary Eric Shinseki. Yet primarily responsible for the VA scandal are politicians who continue to prop up this failing government health system. Perhaps the report's preface should have been the admonition from Ecclesiastes that what has been will be again. According to the IG, primary-care waiting times at the Phoenix VA averaged 115 days,...

Tuesday, May 13, 2014 - 4:19pm
Wall Street Journal
Daniel Henninger

In the U.S., the politics of the left versus the right rolls on with the predictability of traffic jams at the George Washington Bridge. It's a lot of honking. Until now. All of a sudden, the left has hit ramming speed across a broad swath of American life—in the universities, in politics and in government. People fingered as out of line with the far left's increasingly bizarre claims are being hit and hit hard. Commencement-speaker bans are obligatory. Former Secretary of State Condoleezza Rice withdrew as Rutgers's speaker after two months of protests over Iraq, the left's long-sought...

Saturday, May 10, 2014 - 4:00pm
Susan Combs

The State of Texas has been remarkably successful in attracting businesses, persuading folks all across the country to vote with their feet, and retaining a vibrant young population. As the chief financial officer of this great state, I look around and marvel at what smart and thoughtful policies by real conservatives have achieved. How and why has it happened? It was not by accident. About twenty five years ago in the late eighties, we suffered through a very difficult recession, and faced up to some lessons painfully learned.