Rainy day fund

Politics & Policy |
October 5, 2011

Ogden: State has $1.8 billion surplus

This is what he told me in a conversation we had earlier today. The reason is higher-than-expected sales tax receipts and a similar bonanza of oil and gas money for the Rainy Day Fund, above the comptroller’s estimate. Due to the increased revenue, Ogden said, there will be fewer layoffs

Politics & Policy |
May 24, 2011

R.G.’s Take: The Nanny State of Texas

Once upon a time, not so long ago, in a faraway land called Pennsylvania, a woman named Sarah Palin brought 200 protest cookies to school for children at the Plumstead Christian School - because she had read a report – mistaken as it turns out – that the state was

Politics & Policy |
April 21, 2011

Sunny skies ahead

From Bloomberg: Texas’s reserve fund may climb to 28 percent more than officially forecast by 2013 as energy prices rally, a gain that might help the second-most populous state avoid some spending cuts, a key senator said. The fund, fed by energy taxes and forecast by the state comptroller

Politics & Policy |
October 21, 2009

Dewhurst Hits Bottom

I have already received a couple of calls from friends who wanted to be sure that I noticed the Dew's op-ed piece in today's Statesman about how Texas balanced its budget. His salient characteristic is on full display here: There is no depth of cravenness so low that

Politics & Policy |
March 25, 2009

The Hole Ball Game

As lawmakers try to determine what can and cannot be done with the stimulus money, a crucial question has arisen. The purpose of the stimulus money is to help states fill holes in their budget. The question is: Does Texas have a hole–or, to put it another way, will the

Politics & Policy |
January 12, 2009

Revenue Estimate Looms. Make that “Glooms.”

This morning comptroller Susan Combs will release her revenue estimate of the money that will be available for the Legislature to spend in the next biennium. Expectations are that the estimate will come in showing little or no revenue growth. The state treasury does have a surplus of more than