Senate Finance Chairman Steve Ogden announced on the chamber’s floor today he would remove use of the Rainy Day Fund as an automatic financing method for the 2012-2013 budget.
The president of Texans for Fiscal Responsibility offered the following statement.
“We applaud Sen. Ogden’s responsible decision this afternoon to strip the contingency rider concerning rainy day funds from the budget,” said Michael Quinn Sullivan. “By re-prioritizing the use of available funds, the Senate can protect Texas’ taxpayers while ensuring core functions and services are covered.
“Of course, we need to be cautious about loading up on non-tax revenues sources. Texans expect lawmakers to make tough choices and to live within the taxpayers’ means.”