McALLEN, Texas – State Sen. Juan ‘Chuy’ Hinojosa says the state of Texas is facing a $2.9 billion loss in revenue as a result of COVID-19 and the current low price of oil.
The McAllen Democrat is vice-chairman of the Senate Committee on Finance. He says it could take two years to the get Texas economy back on track.
Hinojosa recently gave an interview to The Rio Grande Guardian about the worsening state economy and its likely impact on the state’s biennial budget.
Quality journalism takes time, effort and…. Money!
Producing quality journalism is not cheap. The coronavirus has resulted in falling revenues across the newsrooms of the United States. However, The Rio Grande Guardian is committed to producing quality news reporting on the issues that matter to border residents. The support of our members is vital in ensuring our mission gets fulfilled.
Can we count on your support? If so, click HERE. Thank you!
