Rainy Day Fund

2014 Governor's Race
3:29 pm
Tue October 29, 2013

In First Policy Address, Abbott Wants Limited Rainy Day Fund Use, More Veto Power

Republican gubernatorial candidate Greg Abbott.
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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The Source - October 17, 2013
2:43 pm
Thu October 17, 2013

The Source: Gun Rallies Downtown | Proposition 6 Opposition

Flickr user irishk cc

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.  

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Texas Water
3:00 pm
Tue October 15, 2013

The Argument Against The Prop. 6 Water Plan

Sam Brannon (at podium) and Terri Hall (right) address the media at the Nix Prop. 6 press conference.
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.

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Economic Stabilization Fund
3:50 pm
Tue October 8, 2013

Study Shows Rainy Day Fund Looks Stable Even With Water And Transportation Draw

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. 

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November Ballot
4:03 pm
Tue August 6, 2013

Political Action Committee Preparing To Mobilize Water Bill Support

Water was one of the big issues in the 83rd Legislature along with education and transportation funding.
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.

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Special Session Part III
11:05 am
Fri August 2, 2013

Missing Lawmakers May Bring Third Special Session To A Halt

Ryan Poppe TPR News

Just after the start of the third special session of the 83rd Texas Legislature, Speaker of the House Rep. Joe Straus of San Antonio excused over 35 members because of pressing business in their individual districts.

A transportation bill that passed the Senate this week will require 100 votes in the House in order to pass, but the missing members will likely keep the bill from getting enough votes to pass.

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Special Session
11:02 am
Tue July 16, 2013

New Transportation Plan Would End Gas Tax Diversion

Chris Eudaily TPR News

The Texas House has given initial approval to a transportation funding plan that uses money from the gas tax rather than tapping the Rainy Day Fund.

As it stands today, and has since 1991, 20 cents of every gallon used to fill up your car has gone to the state's highway fund with the stipulation that five cents of it would go to fund education.

House Joint Resolution 2, authored by Rep. Joe Pickett, D-El Paso, would stop that diversion. Rep. Larry Phillips, R-Sherman, is the co-sponsor of the bill and explained the difference between the House bill and the Senate version.

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Special Session
5:05 pm
Tue June 18, 2013

Transportation Funding Passes One Hurdle In Senate

Eileen Pace TPR

Senate Joint Resolution 2, which was authored by Sen. Robert Nichols, R-Jacksonville, would continually transfer $1.8 billion to transportation once the Rainy Day Fund grew to $6 billion.

Some in the Senate, like Sen. Leticia Van de Putte, D-San Antonio, who has seen a decade of being told "no," say the use of the Rainy Day Fund is finally somewhat defined.

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Texas Legislature
3:29 pm
Fri May 3, 2013

House Republicans Have Backup Plan To Revive Water Bill

Ryan Poppe TPR News

Republicans in the Texas House are planning to revive a water bill that died on the House Floor last week due to a technically.

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Texas Legislature
10:25 am
Tue April 30, 2013

Senate Passes Water Funding Bill, House Variation Is "Doorknob Dead"

Ryan Poppe TPR News

Lawmakers in the Texas Senate wasted no time passing a bill to fund the future of Texas’ water needs, passing Senate Bill 4 by unanimous vote within the stretch of just a few hours. 

Sen. Troy Fraser, R-Horseshoe Bay, authored the bill that sets up the structure of awarding 500 water projects over the next 50 years.  

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