Most Shared

Weather Alert

Strong to Severe Storms Headed For Central Texas


Severe Thunderstorm Watch in effect until 9PM for Travis, Williamson, Hays, Burnet, Gillespie, Llano and Mason counties, and until 1AM for Milam County.
Search hashtag #keyewx for updates.
ATX Floods: http://www.atxfloods.com/

WEATHER ALERT

Weather Alert Radar

Politics

Politics

 
text size

GOP Plan Uses $6 Billion From Texas Rainy Day Fund

Updated: Thursday, April 11 2013, 11:37 AM CDT

AUSTIN, Texas (AP) -- A new plan by Senate Republicans would take $6 billion from the state's Rainy Day Fund -- and the spending may not stop there.
 
Republican Sen. Tommy Williams said Thursday he is willing to consider taking more from the projected $12 billion stockpile of cash reserves for schools and health services. The surprising proposal unveiled in the Senate Finance Committee now calls for taking $2.5 billion for water projects and $3.5 billion for transportation.
 
The GOP plan to use half of the state's emergency piggybank is a pivot for some party leaders who have staunchly opposed tapping into the fund. That includes just two years ago, when the Legislature faced a $27 billion shortfall.
 
Voters would have to authorize the spending by approving a constitutional amendment in November.

(Copyright 2013 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

GOP Plan Uses $6 Billion From Texas Rainy Day Fund


Advertise with us!

Related Stories

 
Advertise with us!