1. comptroller.texas.gov

    The Rainy Day Fund is a valuable tool in that effort. "Having a state savings account that grows over time is a responsible mechanism to help ensure the fiscal health of the state," Hegar says. "At the same time, it exists to be used when necessary.
  2. 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). ... Paying It (or Saving It) Forward. The Texas economy has proven its resilience after the recent fall in oil prices, a situation much improved from the ...
  3. 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.
  4. 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 ...
  5. comptroller.texas.gov

    The ESF — also known as the Rainy Day Fund — was created in 1988 after a drop in oil prices and a recession led to an increase in the sales tax and other levies. Money from this state savings account can be spent with a supermajority vote of the Legislature.
  6. 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 ...
  7. texastaxpayers.com

    According to the Texas Comptroller, "The Economic Stabilization Fund (ESF) — commonly called the "Rainy Day Fund" — was created by the passage of an amendment to the Texas Constitution in November 1988. The ESF is established in Article III, Section 49-g of the Constitution and became effective on Sept. 1, 1989."
  8. tribtalk.org

    Texas is lucky to have a large savings account in its so-called Rainy Day Fund, created to prevent or reduce sudden massive cuts to schools, health care and other services Texans need. That is exactly why its actual name is the Economic Stabilization Fund.
  9. Jan 14, 2025Texas set to enter 89th legislative session with substantial budget surplus 02:23. AUSTIN — Texas Comptroller Glenn Hegar announced Monday the state will end its current budget with a surplus of ...
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