Comp, Insurance Departments Preparing to Adjust to Governor's 5% Budget Cuts

Gov. Greg Abbott this week told state agencies to prepare for 5% reductions in their budgets, making Texas one of the first to announce cutbacks in spending in the wake of the coronavirus recession. “It's not unexpected. Every state is seeing reductions in revenue because of the shutdown,” said Rod Bordelon, the former workers' compensation commissioner for Texas, now a consultant. Officials have not said what the cuts could mean for the Texas Department of Insurance and the Division of Workers' Compensation — if layoffs would be required or if the agen...