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 ...

Read More...

State Sen. Tommy Williams, R-The Woodlands, during a state budget debate on March 20, 2013.
State Sen. Tommy Williams, R-The Woodlands, during a state budget debate on March 20, 2013.

Guest Column: Let Voters Decide on Rainy Day Spending

The best way to finance Texas' pressing water and transportation needs — and to supplement spending on public education — is to let voters decide whether to use the state's Rainy Day Fund.

Texas House Speaker Joe Straus, R-San Antonio, says his 83rd session priorities will be education and water while speaking at TribLive on Feb. 6, 2013.
Texas House Speaker Joe Straus, R-San Antonio, says his 83rd session priorities will be education and water while speaking at TribLive on Feb. 6, 2013.

Straus: House Will Find Way to Fund Water Projects

UPDATED: The morning after a major bill to authorize spending billions of dollars on state water projects faltered in the House, Speaker Joe Straus' office released a statement saying he wouldn't "let a technicality seal the debate."