Friday, January 21, 2011

About Texas' Rainy Day Fund

Given the $31 billion cut proposed in the Texas budget, some have wondered why the state shouldn't tap into the $9 billion in Texas' Rainy Day Fund. The links below explain what the Rainy Day and is, and whether it is appropriate to tap into it.

- info from Texas Politics (includes information about the Texas Enterprise Fund).
- constitutional text creating the Economic Stabilization Fund (the official name of the rainy day fund).
- Texas Tribune: The Rainy Day Fund.
- TPPF Guide to the fund and commentary on its use.
- One legislator says its raining.