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Hegar Suggests Shift in Rainy Day Fund Strategy

State Comptroller Glenn Hegar releases the revenue estimate on Jan. 12, 2015 to reporters and state officials the day before the legislative session.
State Comptroller Glenn Hegar releases the revenue estimate on Jan. 12, 2015 to reporters and state officials the day before the legislative session.

Comptroller Glenn Hegar is urging lawmakers to consider allowing his office to invest a portion of the Rainy Day Fund more aggressively, arguing that a greater return is worth the greater risk with the savings account.

Otto Touts Plan to Simplify School Finance System

Rep. John Otto R-Dayton, chairman of the House Appropriations Committee, during Tribune Conversation event on February 12th, 2015
Rep. John Otto R-Dayton, chairman of the House Appropriations Committee, during Tribune Conversation event on February 12th, 2015

The House’s chief budget writer on Thursday praised a proposal to overhaul the school finance system by grouping the state’s 1,026 regular school districts into a few "school finance districts" — a tax move aimed at equalizing per-student funding statewide. 

 

 

GOP Taxonomy: The Flat Taxers and the Fair Taxers

Rick Perry grins as he holds up a paper that symbolizes his flat tax plan during a stop in Osceola, Iowa on December 27, 2011.
Rick Perry grins as he holds up a paper that symbolizes his flat tax plan during a stop in Osceola, Iowa on December 27, 2011.

Republican presidential flirts Rick Perry, Ted Cruz and Rand Paul are cozying up to their positions on fixing, or dumping, the federal income tax. Get ready for much discussion of what's flat, what's fair and whether the twain shall meet.

Abbott, Hegar Propose Overhauling Events Fund Subsidies

Then-Gov. Rick Perry hoists the Formula One U.S. Grand Prix trophy on November 17, 2013, with Attorney General Greg Abbott watching on.
Then-Gov. Rick Perry hoists the Formula One U.S. Grand Prix trophy on November 17, 2013, with Attorney General Greg Abbott watching on.

Gov. Greg Abbott and Comptroller Glenn Hegar are calling for the Legislature to overhaul controversial taxpayer-funded programs used to lure sporting events to Texas and move them from the comptroller to the governor’s office.