Texas voters addressed the state's fast growth and lingering drought Tuesday by approving a $2 billion water fund and eight other constitutional amendments in a low-turnout election. House Speaker Joe Straus was among the politicians who led the charge in support of Proposition 6.Full Story
The Rainy Day Fund is a savings fund that allows states to set aside excess revenue for use in times of unexpected revenue shortfall. It can plug holes in the budget, defend against an economic perfect storm and keep the deficit clouds at bay.
Using the fund itself isn’t particularly easy. If the comptroller says that revenue will decrease ...
The regular Texas legislative session was notable for bipartisan coalitions and harmony. The special sessions have been notable for partisan battles and stalemates. To understand what's going on, just look at the voters.Full Story
UPDATED: Key negotiators in the House and Senate finalized a deal on Saturday to boost funding for transportation, according to a lawmaker involved in the talks. Now backers of the plan will have to rally enough lawmakers to vote for it.
With less than a week left in the current special session and lawmakers anxious to go home, negotiators reached an impasse over transportation funding, prompting the governor to threaten to call a third session if more time is needed.Full Story
The House voted 108-25 for a measure that would boost funding for the Texas Department of Transportation without raising taxes or fees, but lawmakers said they expect the Senate to make changes to the proposal.Full Story
Lawmakers are considering a creative and innovative proposal for highway funding, but it's the wrong way to go.Full Story
With just days left in the special session, the House Appropriations Committee met Tuesday evening to take on two politically tricky tasks.Full Story
Senators on Tuesday tentatively approved a resolution that aims to solve the state's transportation funding woes by diverting future revenue from the Rainy Day Fund.
A plan to fund Texas highway construction by diverting half of the money that currently feeds the state's Rainy Day Fund could find new life in a special session.Full Story
In the final days of the session, Senate budget leaders came up with an ambitious proposal to find more money for road construction and maintenance. House leaders made it clear they weren't interested.Full Story
The betting here is that state finance is the closing drama of the session and that in spite of the sharper debates here at the end, that everybody goes home singing Kumbaya.Full Story
The legislative session is in its last month and most bills will die. But setbacks for the big stuff — water, transportation and the like — are usually temporary.Full Story