Tribpedia: Rainy Day Fund

Tribpedia

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 ...

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Surplus Projections Ignite a Familiar Debate

With expectations that state lawmakers will have a budget surplus of several billion dollars, lawmakers, activists and business groups are already discussing what to do with the money. While some are arguing for tax relief, others say the state has unmet needs in transportation and education that need to be addressed.

House Speaker Joe Straus at the Rattle Inn in Austin celebrating the passage of Proposition 6 on Nov. 5, 2013.
House Speaker Joe Straus at the Rattle Inn in Austin celebrating the passage of Proposition 6 on Nov. 5, 2013.

Texas Voters Approve Nine Constitutional Amendments

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.

A line of Department of Public Safety troopers keeps order in the House gallery on July 9, 2013.
A line of Department of Public Safety troopers keeps order in the House gallery on July 9, 2013.

The Polling Center: From Smooth Sailing to Traffic Jam

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.

TribLive at the Austin Club featuring State Rep. Jim Pitts and Sen. Tommy Williams  on financial issues facing the 83rd Texas Legislature.
TribLive at the Austin Club featuring State Rep. Jim Pitts and Sen. Tommy Williams on financial issues facing the 83rd Texas Legislature.

Senators Hope to Revive Plan to Fund Roads

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.

TribLive at the Austin Club featuring State Sen. Tommy Williams and State Rep. Jim Pitts on financial issues facing the 83rd Texas Legislature.
TribLive at the Austin Club featuring State Sen. Tommy Williams and State Rep. Jim Pitts on financial issues facing the 83rd Texas Legislature.

A Well-Timed Budget Note From the Attorney General

Texas Weekly

Greg Abbott’s letter doesn’t have any new information in it, but the timing takes away what some — probably those further from the budget conversations than closer — saw as a possible solution for the Legislature’s financial logjam.

Abbott: Spending Limit Includes Rainy Day Fund

Spending from the state's Rainy Day Fund does, in fact, count against a constitutional limit on growth in the state budget, Attorney General Greg Abbott advised on Thursday. Texas budget writers can’t dip into the state’s savings account unless they either get voter approval or vote to ignore a state constitutional limit on spending, Abbott wrote in an opinion letter.