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. 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 ...
  4. 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.
  5. 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 ...
  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. texaspolicy.com

    This amount is reaching closer to the constitutional limit of 10 percent of certain general revenue(GR), which is currently $16.9 billion. According to the Texas Public Policy Foundation's publication, the ESF, also known as the "rainy day fund," was approved by voters with the language that it would be "used to offset unforeseen ...
  9. tribtalk.org

    So this is a good time to get clear on the Rainy Day Fund itself and the proper uses of its $10 billion balance. Since 1989, the Texas Constitution has required that a portion of oil and gas production taxes go into the Rainy Day Fund. Many states have a cash reserve, but Texas has the largest in the country.
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