774 new laws went into effect on Friday. At the top of the list is House Bill 1—the state’s budget. The $321.1 billion biennial budget represents the largest increase in state spending in history. The state is also spending big on corporate welfare. House Bill 5, called the “Texas Jobs, Energy, Technology, and Innovation Act,” creates a new statewide economic incentive program. The new program, combined with several other handouts, is expected to cost taxpayers over $10 billion.
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