Rainy Day Fund

A proposal to dramatically reshape the state’s savings account to set aside more funds for tough economic times has effectively died in the final days of the legislative session.

Full Story 

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. 

 

Full Story 

The Senate doesn't like the House's hit on the Rainy Day Fund. The House doesn't like the Senate's delay of a deposit into the state's highway fund. Neither wants to raise taxes. But all is not yet lost — unless they want to fight about it.

Full Story 

Texas Comptroller Glenn Hegar wants to reshape the state's Rainy Day Fund, aiming to get more bang for those stowed-away bucks. 

Full Story 

The state has a Rainy Day Fund with billions of dollars in it, but Texas lawmakers would rather use accounting tricks to balance their next budget.

Full Story 

If Texas legislators cut the state budget this year, it won't be because they didn't have the money. It'll be because they didn't want to spend the money they have.

Full Story 

The proposal from state Rep. John Zerwas would withdraw about $2.4 billion from the Rainy Day Fund.

Full Story 

The proposal from state Rep. John Zerwas, R-Richmond, would pay down bills coming due for several of the state's health and human services programs.

Full Story 

Facing a shortage of cash, will Texas lawmakers tap the $10 billion piggybank known as the Rainy Day Fund?

Full Story 

The Texas’ House’s chief budget writer said that President Trump’s emergence in Washington shouldn’t give state lawmakers license to slice hefty appropriations for border security — at least not yet. 

 

Full Story 

Most Texans don't know the state faces a tight budget, but asked what they'd do in a pinch, many of them say they'd dip into the state's savings account, according to the latest University of Texas/Texas Tribune Poll.

Full Story 

Budget writers in the Texas House are considering tapping the state's savings account because they have a lot less money at their discretion this session.

Full Story 

Gov. Greg Abbott on Tuesday asked lawmakers to immediately take on so-called "sanctuary cities," the state's broken child welfare system and a convention of states to amend the U.S. Constitution.

Full Story 

Facing sluggish economic forecasts, Comptroller Glenn Hegar announced Monday that lawmakers will have $104.87 billion in state funds at their disposal in crafting the next two-year budget, a 2.7 percent decrease from the last session two years ago.

Full Story 

In his first certified revenue estimate, Comptroller Glenn Hegar lowered his estimate for how much revenue the state will take in by more than $2 billion, pointing to reduced activity in oil and gas drilling as the main culprit.

Full Story 

The Texas Senate on Tuesday passed a measure granting Texas Comptroller Glenn Hegar more flexibility to invest a portion of the $8 billion in the state’s Rainy Day Fund, sending the bill to the governor's desk.

Full Story 

Comptroller Glenn Hegar is urging lawmakers to consider allowing his office to invest a portion of the Rainy Day Fund more aggressively, arguing that a greater return is worth the greater risk with the savings account.

Full Story 

State Rep. John Otto wants a constitutional amendment requiring that excess cash in the state's Rainy Day Fund be used to pay off state debt early.

Full Story 

Announcing a two-year revenue estimate that reflects "uncertainties in oil prices and the possibilities of a slowing global economy," Comptroller Glenn Hegar said Monday that lawmakers will have $113 billion to divvy up in the next two-year budget.

Full Story 

Lawmakers on Thursday chose $7 billion as an appropriate minimum balance for the Rainy Day Fund in a meeting that took just a few minutes but will have far-reaching consequences.

Full Story