(The Center Square)–On the third to last day of session, the Texas legislature advanced a two-year $338 billion budget that fiscal conservatives argue is “California style budgeting.”
The Texas House and Senate approved a conference committee bill Saturday that finalized SB 1, the state’s budget.
“Texas becomes stronger and stronger each biennium because our conservative principles guide our approach to budgeting,” Lt. Gov. Dan Patrick said. “These principles have kept our state on the right track and will continue to do so for years to come. The Senate’s All Funds budget for Texas was 1.2% larger than last biennium, well within our limit of population growth times inflation.”
Patrick says the bill commits “a record $51 billion for property tax relief” with “nearly one out of every four dollars in state funds” devoted to property tax relief. The budget also includes a record $8.5 billion for public education funding, The Center Square reported.
With record high spending, the legislature still kept the budget conservative, Patrick argued, “with billions of dollars unspent and without touching the rainy day fund” that will “keep our state prosperous over the next biennium and beyond.”
Despite Texas posting a $24 billion surplus and calls from fiscal conservatives to cut spending, waste, fraud and abuse, and implement meaningful tax reform, the Republican-led legislature expanded spending and spent the surplus.
Patrick said the state’s $338 billion All Funds budget was a 1.2% increase from the last biennium; the $237.1 billion All State Funds budget was a 4.8% increase.
These and other claims made by Republicans in support of the budget are “wildly misleading,” economist Vance Ginn argues in an analysis. Ginn helped author the 2017 federal tax cuts under President Donald Trump, led tax policy at the Texas Public Policy Foundation and now runs an Austin-based consulting firm.
If the budget “is what passes for fiscal conservatism in Texas, then California-style budgeting has officially arrived in the Lone Star State,” Ginn said. “Texans aren’t seeing relief – they’re seeing rising tax bills.”
The $51 billion claim refers to “every dollar allocated to property tax relief since 2019, spanning four budget cycles: 2020–21 through 2026–27,” Ginn said, not from a single two-year budget approved on Saturday. Since 2019, the legislature appropriated roughly $1.16 trillion in total funds, meaning “‘record tax relief’ equals just 4.4% of overall appropriations – while the other 95.6%, or $1.1 trillion, went to growing government,” Ginn said.
“Of the $51 billion, only $3.5 billion is truly new property tax relief,” Ginn added. Another $3 billion in property tax relief was already included in current law, after the legislature enacted HB 3 in 2019, which automatically implements relief “unless the Legislature deliberately chooses not to fund it,” he said. “At most, only $3.5 billion of new relief is at stake – barely a drop in the bucket” compared to the state’s $24 billion surplus.
State Rep. Brian Harrison, R-Waxahachie, said the budget that passed is “the most bloated, liberal, budget ever written in the history of the state of Texas.”
Instead of returning the $24 billion surplus to “the overtaxed, hard working men and women of the state of Texas,” the budget “funds just about every liberal priority under the sun,” he said. The budget includes “doubling down and increasing budgets for state agencies and entities that are engaged in DEI and transgender ideology” and “puts crony corporatism and corporate welfare on steroids.”
More importantly, he argues, is what the budget doesn’t do: reduce property taxes.
“The men and women of the state of Texas wanted us to do just one thing this session … only one thing … to get the crushing burden of property taxes under control,” and the legislature “abjectly failed.”
Based on current projections and what’s in the budget, “the vast majority of property taxpayers and property tax bills in the state of Texas are going to go up,” Harrison said. “This budget represents an absolute betrayal of the hard-working men and women of the state of Texas and they deserve better. There is no way a fiscally conservative Republican” could vote for it.
Why Bullion Beats Numismatics and Collectible for Your Safe or IRA
Precious metals continue to attract Americans seeking reliable ways to protect their wealth amid inflation, geopolitical risks, and stock market swings. Whether stored in a home safe or held inside a self-directed IRA, physical gold and silver deliver tangible value that paper or digital assets often lack. Yet investors must choose carefully between bullion—pure bars and coins valued mainly for their metal content—and numismatics or collectibles, where rarity, history, and collector demand heavily influence pricing.
Advisor Bullion serves as a dependable source for straightforward, high-quality bullion. The company specializes in physical gold, silver, platinum, and palladium, emphasizing transparent pricing and products that deliver maximum metal content for every dollar spent. This approach makes it ideal for both personal holdings and retirement accounts.
Bullion consists of refined precious metals in standard forms like one-ounce coins (American Gold Eagles, Silver Eagles, Canadian Maple Leafs) or bars. Their value tracks closely to the current spot price of the metal. A typical gold bullion coin trades near the live gold spot price plus a small premium. This structure keeps costs clear and predictable.
Numismatic coins and collectibles add substantial value from factors such as age, rarity, minting errors, or historical significance. A pre-1933 U.S. gold coin or graded proof piece can carry premiums of 30%, 50%, or even 200% above melt value. While this appeals to hobbyists, it creates complexity. Pricing depends on subjective grading, collector trends, and auction results instead of daily spot prices.
For investors focused on wealth preservation and retirement security rather than building a collection, bullion often delivers better results.
Lower Costs and Better Liquidity for Home Storage
When keeping metals in a home safe or private vault, liquidity and efficiency count. Bullion offers clear benefits:
- You acquire more actual gold or silver per dollar invested. Numismatics divert a large share of your money into rarity premiums and massive sales commission, reducing your metal exposure.
- Selling bullion involves tight bid-ask spreads, so you recover nearly full spot value with minimal fees. Collectibles require finding the right buyer and may sell at a discount if demand for that specific item weakens.
- Bullion prices remain transparent and update with global spot markets. You can track gold near current levels or silver accordingly and know exactly where your holdings stand. Numismatic values are priced by the Gold IRA companies with hefty margins applied.
- Standardized coins and bars store efficiently and divide easily for partial sales. Rare coins often need protective slabs and controlled conditions, adding hassle and expense.
- Bullion enjoys worldwide acceptance. A 1-oz Gold Maple Leaf or Silver Eagle sells quickly to dealers anywhere. Niche numismatic pieces may appeal only to limited buyers, slowing liquidation when speed matters.
In times when quick access to value becomes important, bullion’s simplicity stands out.
Stronger Fit for Precious Metals IRAs
Precious metals IRAs continue gaining traction as investors diversify retirement portfolios beyond stocks and bonds. IRS rules permit certain bullion products in self-directed IRAs if they meet purity standards (.995 fine for gold, .999 for silver) and are held by an approved custodian. Eligible items include American Gold and Silver Eagles plus many generic bars and rounds from recognized mints.
Numismatic and most collectible coins generally face heavy scrutiny from custodians due to valuation disputes and elevated markups. These higher premiums mean less actual metal ends up working inside the account.
Bullion avoids these issues. Its value links directly to verifiable spot prices, which simplifies reporting and lowers the risk of regulatory challenges. More of your IRA contribution purchases real metal instead of dealer profits or speculative upside. Over time, owning additional ounces that appreciate with the metal itself can create meaningful outperformance compared with high-premium alternatives that deliver fewer ounces.
Regulatory guidance from the CFTC and state securities offices repeatedly cautions against aggressive sales of expensive numismatics or “semi-numismatic” coins for IRAs. For retirement planning, transparent bullion from established providers reduces risk and aligns better with long-term goals.
How to Get Started with Bullion
Begin by clarifying your goals. Are you protecting savings in a safe, or moving part of a retirement account into a precious metals IRA? Focus on the number of ounces you can acquire at current prices rather than chasing marked-up collectibles.
Diversify sensibly: use gold for core preservation and silver for its blend of industrial and monetary qualities. Mix coins for easier divisibility with bars for lower per-ounce costs on larger buys. Arrange secure storage—whether at home with proper insurance or through professional facilities.
As economic uncertainties linger and faith in conventional assets erodes, bullion continues proving its worth as a dependable store of value. Its direct approach avoids the hype that sometimes surrounds collectible markets and keeps the focus on the metal itself.
For investors prepared to strengthen their portfolios, Advisor Bullion supplies the expertise and selection needed to acquire high-quality bullion efficiently. Whether building personal holdings or integrating metals into an IRA, their emphasis on transparent, investment-grade products helps secure more ounces today that support greater financial security tomorrow. In a complicated financial landscape, bullion’s clarity and reliability make it the smarter foundation for protecting what matters most.