Texas House Voting to Raid Texas’ Rainy Day Fund

 

If you want to preserve Texas’ Rainy Day Fund, NOW is the time to call your State Representative.

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BUSTED PROMISES

by Michael Quinn Sullivan

 

When members of the Texas House meet on Monday, they will take the next-to-last step in busting the state’s spending cap. This coming in a session that has produced no lasting budget reforms and no real tax relief, despite a biennium with the largest jump in state revenues in modern history. Worse, legislators are poised to do so with a massive draw from the rainy day fund. 

 

Legislators campaigned in 2012 on the Texas Budget Compact. They promised to offer real tax relief, to put a tight lid on profligate spending, and reform the budget. 

 

Those candidates won a big majority in the elections, but so far seem to have trouble showing up when it is time to govern. 

 

It’s not a done deal; the session

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