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 ...

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