Utility Fund Isn’t Serving Its Purpose
Edith Williams says she needs the help from the System Benefit Fund to get by on her fixed income. Photo by Mose Buchele/KUT NewsAudio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.
Fiscal transparency and cost cutting are buzzwords to watch for as state lawmakers gather in Austin next January. But with all that talk, you might be surprised to learn that there’s a pile of money — nearly a billion dollars — that’s been growing in a state fund for years, not being used for its intended purpose.
KUT’s Mose Buchele reports for StateImpact Texas on the $850 million System Benefit Fund.
And then in the next legislative session, they decided, ‘oh well, we’ll fund a discount for five months of the year instead of 12 months of the year.’
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