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Fiscal Notes


Fiscal Notes

A Review of the Texas Economy from the Office of Susan Combs, Texas Comptroller of Public Accounts · MAR 2012

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Letter from the Comptroller

Photo of Susan Combs

Across Texas

  • Belton’s University of Mary Hardin-Baylor has begun a $50 million construction project that will include a football stadium and a 100,000 square-foot student union.
  • Houston-based Satterfield & Pontikes Construction recently completed work on three new Walmart Supercenters in Corpus Christi.
  • The Kohl’s department store chain plans to open a new e-commerce distribution center in DeSoto, just south of Dallas. The 951,000-square-foot center will create about 400 jobs in the next three years.
  • The 165-room Éilan Hotel Resort & Spa opened on Feb. 1 in northeast San Antonio near I-10. The hotel is seen as an anchor for a proposed $400 million master-planned community.

The year 2011 was a challenging year for Texans, with wildfires sweeping across the state — and the headwinds of economic change blowing across America and the world. For many of us, these are difficult days, but we continue to look forward to the promise a new year brings.

And our state is always moving forward.

In the latest Fiscal Notes articles, we interview Randall Crowder, a man who helps investors discover and nourish promising new businesses. Job creators need more than a good idea; they also need the backing of optimistic investors who see the potential and share their vision.

We also examine the state’s plans for water, the most basic resource of all. We’ll have to make real efforts to ensure that our water supplies keep pace with our needs.

Coming soon…

We look at the European debt crisis, an ill wind indeed. Europe’s governments are learning what happens, as the saying goes, when you run out of other people’s money. Fortunately, the effects on Texas have been limited so far.

We will also look at the future of 1-35, that ribbon of highway running through the middle of Texas where, in many stretches, it’s more stop-and-go than pedal to the metal. Widening the highway will keep commerce moving up and down the state, and help us get where we’re going faster.

It’s that kind of optimism — backed with hard work and thoughtful preparation — that makes our economy strong and keeps us all moving forward.

Susan Combs

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