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 ...

TribLive at the Austin Club featuring State Sen. Tommy Williams and State Rep. Jim Pitts on financial issues facing the 83rd Texas Legislature.
TribLive at the Austin Club featuring State Sen. Tommy Williams and State Rep. Jim Pitts on financial issues facing the 83rd Texas Legislature.

A Well-Timed Budget Note From the Attorney General

Texas Weekly

Greg Abbott’s letter doesn’t have any new information in it, but the timing takes away what some — probably those further from the budget conversations than closer — saw as a possible solution for the Legislature’s financial logjam.

The crowded House floor during debate on SB 1 April 4, 2013.
The crowded House floor during debate on SB 1 April 4, 2013.

Agenda Texas: What's Left to Do?

On the latest Agenda Texas, from KUT News and the Tribune: Water, transportation and education were priorities at the beginning of this year's legislative session, but how much progress has been made on each?

Texas House Speaker Joe Straus, R-San Antonio, says his 83rd session priorities will be education and water while speaking at TribLive on Feb. 6, 2013.
Texas House Speaker Joe Straus, R-San Antonio, says his 83rd session priorities will be education and water while speaking at TribLive on Feb. 6, 2013.

Straus: House Will Find Way to Fund Water Projects

UPDATED: The morning after a major bill to authorize spending billions of dollars on state water projects faltered in the House, Speaker Joe Straus' office released a statement saying he wouldn't "let a technicality seal the debate."