Rainy Day Fund

Ryan Poppe / TPR News

Speaking at a campaign event in Brownsville on Monday, Republican gubernatorial candidate Greg Abbott said he’d like to introduce laws that further restrict the legislature’s access to the state's Economic Stabilization Fund, more commonly known as the Rainy Day Fund.

"I will promote a constitutional amendment that strictly limits the fund to be used only -- either for one, its intended purpose of meeting unforeseen budgetary shortfalls, reducing existing debt, one-time infrastructure payments and expenses related to state disasters," Abbott said.

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In the first segment:

On Saturday, downtown San Antonio will be filled with an estimated 1,000 armed men and women espousing their right to carry openly rifles and shotguns. "Come and Take It San Antonio!" has billed itself as a peaceful march and open carry event at the site of the Alamo.  

Ryan Loyd / TPR News

A coalition of people from multiple political backgrounds are calling for Texans to vote "no" on Prop. 6, the plan that is being promoted by a bipartisan group of state legislators and Gov. Rick Perry as the solution to the state's water problems.

Voters will see the measure on the ballot starting next Monday when early voting begins and Election Day in Nov. 5.

If passed, the plan set into motion by Prop. 6 will move $2 billion from the state's Rainy Day Fund to the Texas Water Development Board to be used for loans on water projects.

Chris Eudaily / TPR News

In the next two years voters will be deciding two propositions that take a percentage from the oil and gas tax money helping grow the state’s Rainy Day Fund. 

The first of those is up for a vote this November and would take $2 billion out of the fund to help pay for water projects. The second proposition, which will be on the 2014 ballot, will take $1 billion to fund transportation projects. 

Ryan Poppe / TPR News

Water Texas, a political action committee formed by Speaker of the House Joe Strauss, R-San Antonio, and Rep. Allan Ritter, R-Nederland, is getting ready to start a campaign to encourage voters to approve the use of $2 billion from the Rainy Day Fund to help fund the next 50 years of water projects in Texas.