13.3: The Texas Treasury
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- 129217
The purpose of a budget is to oversee the money flowing into and out of the Texas Treasury, and while a budgeting process hasn’t always existed, Texas has had a treasury since its days as a republic (Figure 13.7).13
The budgeting process described above simply manages the cash flow in and out of the treasury.
Treasurer’s Business Office
The Treasurer’s Business Office describes the physical office of the state bank of Texas on its website:
The State Treasury served as the state bank of Texas. Four vaults in the Treasurer's Business Office on the first floor south wing of the Capitol held the state funds. Tellers transacted business with representatives from all state departments at a long counter through the open windows of a steel bar partition. The State Treasury moved out of the Capitol in the early 1970s.14
13. An Inventory of Treasury Department Customs House Records at the Texas State Archives, 1836-1856,” Texas State Library Archives Commission, undated, bulk 1836-1846, http://legacy.lib.utexas.edu/taro/ts...tsl-60018.html.
14. “Treasurers Business Office,” State Preservation Board, https://tspb.texas.gov/prop/tc/tc-sp.../spaces11.html.