Rainy day fund

Lieutenant Governor David Dewhurst testifies on Capitol Hill. (credit: Brendan Hoffman/Getty Images)

Dewhurst Ready To Tap Rainy Day Fund

Lt. Gov. David Dewhurst said, with the state’s population set to double in the next 40 or 50 years, it is time to tap the Rainy Day Fund, which could be nearly $12 billion by 2015.


Lieutenant Governor David Dewhurst testifies on Capitol Hill. (credit: Brendan Hoffman/Getty Images)

Dewhurst: Take $1B From Rainy Day Fund For Water

Lt. Gov. David Dewhurst spoke Thursday at an event held by the Dallas Regional Chamber.


Texas State Capitol

State’s Rainy Day Fund Climbs To $8.1 Billion

A director from the comptroller’s office said that the state’s emergency savings account is expected to hit $8.1 billion when nearly $2 billion is transferred into the fund next month.


Texas State Capitol

Texas Economy Better, But State Budget Still Short

The Texas economy is coming back, but the state budget is still in trouble, top budget experts told lawmakers Tuesday.


Texas State Capitol

Texas Lawmakers Will Likely Tap Rainy Day Fund

Lawmakers will most likely have to tap the Rainy Day Fund to balance the budget in 2013, state comptroller Susan Combs said in an interview.


People walk past an electronic financial quotation board. (credit: Kazuhiro Nogi/AFP/Getty Images)

Texas State Tax Revenues Bounce Back

The state’s chief revenue estimator says Texas tax revenues have bounced back to levels nearly equal to pre-recession levels.


Texas State Capitol

Monday Highlights From The Texas Capitol

The Texas House shook off its previous malaise and sped through key legislation on Monday, approving major budget, education-funding and health care reform bills despite at-times heated debate over cutting schools to the bone.


A teacher joins a protest against possible cuts in education funding. (credit: Joe Raedle/Getty Images)

State Teachers Group Backs Bill To Use Rainy Day Fund

Many Texas teachers are getting behind a legislative bill that could spare cuts in education funding.


Texas Capitol Rotunda

Texas Teachers Rally At Rotunda Against School Cuts

More than 200 Texas Schoolteachers crowded around the rotunda of the Texas Capitol yet again to protest against education spending cuts.


People gather outside of the Texas State Capitol building in Austin. (credit: PAUL BUCK/AFP/Getty Images)

Late Night Filibuster Kills School Finance Bill

Democrats used a filibuster to block the bill early Monday morning, after 139 days of fighting budget measures that slash billions of dollars in state funding from education.


Texas State Capitol

Texas Legislature Passes Budget That Cuts Billions

The Texas Legislature has passed along largely party lines a state budget that cuts billions from public schools, state universities and health care.


A woman takes a photo of the Texas Senate chamber during the 82nd Legislative session. (credit: Ben Sklar/Getty Images)

Clock Ticking For Schools On State Budget

With five full days remaining in the legislative session, the financial crisis in the classroom may be going from bad to worse.