AUSTIN – Today, Texas Lieutenant Governor Dan Patrick made the following statement regarding Texas Comptroller Glenn Hegar’s announcement that Texas will not borrow to meet short-term cash flow needs:

“Comptroller Hegar’s confirmation that Texas has sufficient financial reserves to meet our state’s commitments is just the latest byproduct of the conservative budget passed during this past legislative session.

“By holding the line on spending and protecting the Rainy Day Fund, the Texas legislature followed the lead of Texas businesses and families who live within their means and seek to avoid compiling debt.

“This past session, the Texas legislature provided billions in tax relief for Texas homeowners and businesses in 2015, and should be well positioned to provide additional tax relief when it reconvenes in 2017.”