On Saturday, the Senate was the first to pass the budget with the House following only two hours later.
The cuts to Medicaid include an eight percent cut in Medicaid payments to hospitals, according to the Texas Hospital Association.
The budget will now go to Gov. Rick Perry for his signature, according to the report.
Related Articles on Texas Medicaid:
Texas Bill Would Give States Autonomy in Running Medicaid
Proposed Texas Medicaid Cuts Threaten Rural Hospitals