When is Texas going to dip into the billions in its rainy day fund to fix a few things? | Watchdog
, I shout into the phone the famous phrase from the movie Jerry Maguire.It’s an inside joke. About 20 years ago, we were both cast in a satire of the movie Jerry Maguire to raise money for the United Way.
“Where does it exist? How is it invested? Who keeps track of how it is doing? Have withdrawals ever been made? If so, for what purpose? Who gets to approve its use?”The rainy-day fund is similar to a savings account tucked away in case massive budget cuts hit schools, health care and other state services, according to a history produced several years ago by the non-partisan Center for Public Policy Priorities, a group now calledThe fund was created in 1988 and is filled with revenue from oil...
After he was elected in 2014, Hegar was displeased to see that the rainy day fund wasn’t invested well enough to keep up with inflation. In a famous line, Hegar said, “It was like burying the money in a hole on the Capitol lawn.”With all the negative economic talk about a possible recession, the state budget surplus still jumped $15 billion from November to $27 billion this month. That’s quite stunning.
A quick scan of the news shows that other states are enjoying record-breaking budget surpluses, too. Some credit a flow of federal dollars coming in. For us, high energy prices, which hurt at both the gas pumps and home and business electricity bills, also bring in big sales tax collections.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Texas A&M beats out Texas for top-ranked linebacker Anthony HillThe No. 1 linebacker in the nation on Saturday committed to Texas over Texas A&M.
Read more »
Principal Of Texas School Where Shooting Happened ReinstatedThe reinstatement came after Mandy Gutierrez disputed findings that a “culture of complacency” had developed at the Uvalde school.
Read more »
'Cause for Concern': Texas DPS May Be Racially Profiling Hispanics, New Report SaysThe Texas Department of Public Safety is likely racially profiling Hispanics, per a recent report.
Read more »
7-year-old reported missing in Texas found dead inside washing machineAuthorities are searching for answers after a 7-year-old boy was found dead inside of a washing machine at his home.
Read more »
Texas town declares 'water emergency,' tells residents that it could run out of waterTexas city officials told their residents they are declaring a 'water emergency' and said they could be in a situation where the city runs out of water.
Read more »
Florida Company Recalls Frozen Cuban Style Pizzas Sold in TexasA Florida company is recalling nearly 20,000 pounds of frozen pizzas because they were produced without federal inspection, the USDA said Thursday.
Read more »