Tribpedia: Rainy Day Fund

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 between ...

Hegar gives lawmakers dour revenue estimate for 2017 session

Ahead of the start of the 85th Legislature, state Comptroller Glenn Hegar offers lawmakers the revenue estimate for the biennial budget.
Ahead of the start of the 85th Legislature, state Comptroller Glenn Hegar offers lawmakers the revenue estimate for the biennial budget.

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.

In January 2015, Texas Comptroller Glenn Hegar said that his revenue estimate to divvy up for the 2016-17 budget would be about $113 billion.
In January 2015, Texas Comptroller Glenn Hegar said that his revenue estimate to divvy up for the 2016-17 budget would be about $113 billion.

Rainy Day Fund Could Be Invested More Aggressively

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.

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.