Illustration by Todd Wiseman

Texas House backs Rainy Day Fund overhaul

The Texas House approved legislation Wednesday that would overhaul the way the state stows away money for tough economic times, advancing a proposal championed by Comptroller Glenn Hegar. 

 

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Illustration by Todd Wiseman

Texas lawmakers set a spending cap they likely won't reach

The Legislative Budget Board picked 8 percent as the growth rate in the state’s two-year budget, capping how much lawmakers can spend in next year's legislative session. Lawmakers say the state doesn't have enough money to reach that cap. 

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