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  • www.texastribune.org

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  1. 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.
  2. 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.
  3. It's not as high as the record $32.7 billion the state had two years ago, but lawmakers will still have a lot to consider as they develop the next two-year budget. That's separate from what's ...
  4. comptroller.texas.gov

    The Pew Charitable Trusts report that 46 states have some form of rainy day fund. Texas had the nation's second-largest rainy day fund in fiscal 2015 and the largest in 2016 (Exhibit 1). ... Since its inception through February 2017, the rainy day fund has received deposits of $19.9 billion and earned $832.4 million in interest.
  5. comptroller.texas.gov

    In 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. 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. Our constitution authorizes the ...
  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. 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 ...
  9. thebarbedwire.com

    The 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 ...

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