Spending Limit Could Make Rainy Day Fund Tougher to Tap
Bumping up against the state’s constitutional spending limit is usually not a serious concern when Texas lawmakers plan their two-year budgets. This year could be an exception, and the state's fast rebound from the recession is a key reason why.
Several political observers well-versed in the state's finances say that lawmakers could hit the state’s spending limit this session, complicating efforts to access the $11.8 billion in the state’s Rainy Day Fund.
The Texas Constitution says the government can't grow faster than the state's economy. That growth rate is always set ahead ...
Comments (12)
gypsy314 ne
Texas could save a billion plus if we just stop supporting illegal aliens. The tax payers spend over a billion a year in Texas to educate and support illegal aliens so folks choose spend money on illegal aliens or our children??
Casey Bennett via Texas Tribune on Facebook
I think that until we actually NEED the Rainy Day Fund,,,,we should do just like our grandparents taught us. USE the Rainy Day Fund for EMERGENCIES only. If we were to have another catastrophic disaster such as a Hurricane or oil spill,,,,,,we could handle it on our own instead of depending on the Fed. Gov. for help that may or may not come. We all know how well FEMA works. Both Katrina, and Sandy are prime examples.
Richard Stewart via Texas Tribune on Facebook
Look at this way , It is Dry in Texas , It hardly ever rains . Greed is prolific . People in Texas starve. Our streets are covered with begging people who are homeless . People who need food , healthcare , clothing , a home. This from their view is no emergency . They are better off suffering .
Karen Spivey-Cummings via Texas Tribune on Facebook
Sandy has worked pretty well until the GOP obstructed the funding.
Karen Spivey-Cummings via Texas Tribune on Facebook
Not if but when and the Rainy Day Fund is just a drop in the bucket.
Richard Stewart via Texas Tribune on Facebook
Medicaid is no good anymore . Even with Medicaid one can not get into a Dr in Texas . I know many who have it , but it is rejected because Drs do not take it . People continue to suffer .
Richard Stewart via Texas Tribune on Facebook
If one is Disabled and didn't have enough credits for SSDI they had no choice but to get Medicaid .
Richard Stewart via Texas Tribune on Facebook
That's what SSI refers them to .
Richard Stewart via Texas Tribune on Facebook
So they suffer .
Samdavis
How much money do those "illegals" bring into our economy gypsy? How about the income and social security taxes they pay and never benefit from? There is no one so ignorant as one who will not see (or in your case, does not have the ability)
JC DemocratofTejas
LImiting gov rick's access to the Rainy Day Fund is brilliant, and the only way to retain these funds from his very greedy, double dipping, sneaky, money-grubbing ways.
Christine Lund
Gypsy means you pledge your allegiance to no one. So, you really have no right to an opinion. That means you need to home school your child and not use any of civilizations privileges like public water, healthcare . . . Or you could just go back to Europe. I have never known a real gypsy that had such an opinion. Are you hiding behind a fake name or have you adopted a pseudo-identity and didn't bother to learn anything about the gypsies?