AUSTIN (Austin Business Journal) — The 87th Texas Legislature started with a wave of uncertainty.
Lawmakers confronted a possible multibillion-dollar price range shortfall. The COVID-19 pandemic was nonetheless raging, and vaccines weren’t but broadly obtainable. Lobbyists confronted the prospect of getting restricted entry to the State Capitol.
These darkish clouds parted swiftly.
The vaccine rollout kicked into overdrive as COVID-19 circumstances in the USA plummeted. The Capitol slowly opened up, with enterprise approaching regular by mid-Could. Most significantly, the monetary image cleared up as extra optimistic financial forecasts trickled in.
“The federal tooth fairy got here down and waved its magic wand, and the price range shortfall disappeared,” defined lobbyist Royce Poinsett of Poinsett PLLC.
You may learn the remainder of the story on the Austin Business Journal’s website, and KXAN Information As we speak anchor Tom Miller spoke with Paul Thompson of the Austin Enterprise Journal about what the legislature handed, and didn’t go, that affected companies in Austin.