Oil prices will affect all state revenues, but their impact will be felt most harshly in the Economic Stabilization Fund.
Rainy Day Fund
Sen. Charles Perry: Protect the Rainy Day Fund
Incoming State Senator Charles Perry (R-Lubbock) has filed a constitutional amendment to protect the Economic Stabilization Fund (ESF), sometimes referred to as the “rainy day fund”, by requiring a minimum balance. If passed, SJR 19 would require that the fund...
Proposition 1: In Brief
The following is an informational handout on Proposition 1--the proposed amendment to the Texas Constitution. Prop 1 Information
Ivory Tower Spending
Seliger appears to misunderstand the purpose of the ESF, as he plans to drain even more money from it to pay for new university buildings.
Adding ESF to Endowment to the Call
State Sens. Williams and Nichols are proposing to divert half of the oil and gas severance taxes that fill up the ESF.
Session Ends With a Wince
Lawmakers will be eager to tell you what a conservative budget they passed, but this session was underwhelming.
Lawmakers Should Hit “Reset”
Call the Capitol Switchboard at 512-463-4630, and tell your legislators to only use the RDF for its intended purpose!
Protecting the ESF as an Endowment
“… we must have a strong ESF. Drawing down billions from the ESF weakens Texas’ financial health, hurts our credit, and drains our flexibility.”
Busting The Cap, Without Relief
Conservatives won a big majority in the elections by promising reforms, but so far they seem to have trouble showing up when it is time to govern.
Perry: “Protect Our Rainy Day Fund”
The two efforts drawing dollars from the Rainy Day Fund are seemingly noble causes, but both efforts rely on creating new debt.