The state has a Rainy Day Fund with billions of dollars in it, but Texas lawmakers would rather use accounting tricks to balance their next budget.
Rainy Day Fund
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State Government
Analysis: Cutting the Texas budget, even with money on hand
If Texas legislators cut the state budget this year, it won’t be because they didn’t have the money. It’ll be because they didn’t want to spend the money they have.
Posted inState Government
House leaders push for withdrawing $1 billion more from state savings account
The proposal from state Rep. John Zerwas would withdraw about $2.4 billion from the Rainy Day Fund.
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Politics
Texas House proposes using $1.4 billion from state savings account for health and human services
The proposal from state Rep. John Zerwas, R-Richmond, would pay down bills coming due for several of the state’s health and human services programs.
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Politics
With money tight, will Texas leaders use the state’s savings account?
Facing a shortage of cash, will Texas lawmakers tap the $10 billion piggybank known as the Rainy Day Fund?
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Criminal Justice
Texas House’s chief budget writer: State shouldn’t cut border security funding
The Texas’ House’s chief budget writer said that President Trump’s emergence in Washington shouldn’t give state lawmakers license to slice hefty appropriations for border security — at least not yet.
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University of Texas/Texas Tribune Polls
UT/TT Poll: How Texas voters rank the state Legislature’s priorities
Most Texans don’t know the state faces a tight budget, but asked what they’d do in a pinch, many of them say they’d dip into the state’s savings account, according to the latest University of Texas/Texas Tribune Poll.
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Politics
Rainy Day Fund takes center stage at first House budget hearing
Budget writers in the Texas House are considering tapping the state’s savings account because they have a lot less money at their discretion this session.
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Politics
In State of State, Abbott imposes hiring freeze, declares 4 issues “emergencies”
Gov. Greg Abbott on Tuesday asked lawmakers to immediately take on so-called “sanctuary cities,” the state’s broken child welfare system and a convention of states to amend the U.S. Constitution.
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State Government
Hegar gives lawmakers dour revenue estimate for 2017 session
Facing sluggish economic forecasts, Comptroller Glenn Hegar announced Monday that lawmakers will have $104.87 billion in state funds at their disposal in crafting the next two-year budget, a 2.7 percent decrease from the last session two years ago.