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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State Rep. Jim Pitts, R-Waxahachie, lays out House Bill 1.
State Rep. Jim Pitts, R-Waxahachie, lays out House Bill 1.

Lacking Perry OK, Pitts Ends Rainy Day Fund Hearing

House Appropriations Chairman Jim Pitts, R-Waxahachie, thought he had a deal with Gov. Rick Perry and his staff to tap the Rainy Day Fund to close the current biennium shortfall. But with no public support from the governor's office, Pitts adjourned his hearing. 

Texas Battle Over Rainy Day Fund Heating Up

Texas, like many other states, is proposing billions of dollars in cuts to help close a budget gap. But as Ben Philpott of KUT News and the Tribune reports, one thing Texas has that nobody else does is $9 billion in a piggy bank called the Rainy Day Fund — and lawmakers are divided over whether to crack it open.

State Rep. Rob Eissler, R-The Woodlands, speaks with Editor-in-Chief Evan Smith at TribLive on Feb. 3, 2011.
State Rep. Rob Eissler, R-The Woodlands, speaks with Editor-in-Chief Evan Smith at TribLive on Feb. 3, 2011.

A Conversation with Rob Eissler

For our latest TribLive conversation, I sat down with the chairman of the House Public Education Committee to talk about the coming cuts to public ed: how big they're likely to be, the prospect of tens of thousands of teacher and non-instructional-staff layoffs and whether new revenue sources are on the table.