1. comptroller.texas.gov

    TEA has received contributions in several fiscal cycles, the largest being $1.75 billion for the Foundation School Program in 2013. TWDB received $2 billion in ESF appropriations to establish the State Water Implementation Fund for Texas in 2014 and about $1.5 billion in 2019 for various infrastructure and hazard mitigation projects.
  2. apps.texastribune.org

    The fund has $11 billion, enough money to cover 10 percent of all state funds Texas currently spends in a two-year budget. Policymakers have floated radically different ideas about how much money the state should keep in savings, and Republican politics have evolved about what "rainy day" expenses are considered acceptable.
  3. texasscorecard.com

    Oct 6, 2023The state's Rainy Day Fund is set to have a balance of $23 billion at the end of the current budget cycle. By Katy Marshall | October 6, 2023 While Texans face economic difficulties, the state is expected to collect more than $18 billion in surplus funds following the 2024-2025 biennium.
  4. Jan 14, 2025Texas has nearly $24 billion surplus and projected to have more than $28 billion in rainy day fund. ... That's separate from what's called the state's rainy-day fund, which is projected to have ...
  5. thebarbedwire.com

    Jan 24, 2025The education policy group Raise Your Hand Texas notes that the state ranks among the bottom 10 for per-pupil spending, making it hard not to eye the massive pile of cash sitting in the rainy day fund. "Texas lawmakers have access to substantial funding in the 2025 Legislative Session - at least $21 billion in available state general ...
  6. thecentersquare.com

    Jan 14, 2025Texas' largest revenue source, 61%, is from sales taxes. In 2026-2027, sales tax revenue is projected to reach $94.2 billion. Other revenue projections come from $12.5 billion in motor vehicle-related taxes; $15.7 billion in franchise taxes; $11.8 billion in oil production taxes and $5.4 billion in natural gas taxes.
  7. communityimpact.com

    Texas has the largest Rainy Day Fund balance of all 46 states with $10 billion in savings. Without a withdrawal, the fund could reach $11.9 billion by the end of the 2019 fiscal year. By Emily ...
  8. comptroller.texas.gov

    Mar 29, 2023In the March issue of Fiscal Notes, the Comptroller's office looks at the Rainy Day Fund, which is projected to surpass $27 billion by fiscal 2025, a drastic uptick from less than $11 billion at the close of fiscal 2022. This means that the fund could reach the upper limit of its constitutionally mandated balance for the first time in its ...
  9. texastaxpayers.com

    The idea behind the ESF was to safeguard the Texas economy from catastrophic economic downturns in our oil-based economy, however, instead of using it for that purpose, it has become the largest 'slush fund' in the nation. Historically, the Rainy Day Fund has been pilfered to pay for normal ongoing expenses where the state fell short, largely due to fiscally irresponsible decisions made by ...
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