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 ...

Texas House's chief budget writer: State shouldn't cut border security funding

State Rep. John Zerwas, R-Richmond, answers questions regarding a lean Texas budget with an appearance at TTEvents on Feb. 23, 2017
State Rep. John Zerwas, R-Richmond, answers questions regarding a lean Texas budget with an appearance at TTEvents on Feb. 23, 2017

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. 

 

Gov. Greg Abbott prepares to deliver his State of the State address, flanked by (l.-r.) Lt. Gov. Dan Patrick, state Rep. Senfronia Thompson, D-Houston, state Sens. Donna Campbell, R-San Antonio, and Kel Seliger, R-Amarillo, and House Speaker Joe Straus.
Gov. Greg Abbott prepares to deliver his State of the State address, flanked by (l.-r.) Lt. Gov. Dan Patrick, state Rep. Senfronia Thompson, D-Houston, state Sens. Donna Campbell, R-San Antonio, and Kel Seliger, R-Amarillo, and House Speaker Joe Straus.

In State of State, Abbott imposes hiring freeze, declares 4 issues "emergencies"

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.

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.

Hegar gives lawmakers dour revenue estimate for 2017 session

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.