Rainy Day Fund

From Texas Standard:

Since the 1980s, Texas has set aside a portion of state funds specifically to be used when things aren’t so rosy. It seems like an economically prudent move, but now some say the operations of the Economic Stabilization Fund (ESF) – also known as the Rainy Day Fund – make no fiscal sense. Texas State Comptroller Glenn Hegar says it’s time for a change.

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.

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.  

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. 

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