Rainy Day Fund http://kut.org en A Tiny Bit of Vegetable Oil Could Save Texas Billions of Gallons of Water http://kut.org/post/tiny-bit-vegetable-oil-could-save-texas-billions-gallons-water <p>Parts of Central Texas saw as much as 12 inches of rain over the weekend. Water levels in the Highland Lakes &nbsp;rose slightly, but the storm was far from a drought-buster.</p><p>Lakes Travis and Buchanan remain only about one-third full.&nbsp;</p> Mon, 14 Oct 2013 10:30:00 +0000 Matt Largey 8918 at http://kut.org A Tiny Bit of Vegetable Oil Could Save Texas Billions of Gallons of Water As Final Hour Approaches, 83rd Legislature Begins Winding Down http://kut.org/post/final-hour-approaches-83rd-legislature-begins-winding-down <p></p><p>The legislative session ends today – meaning lawmakers had a late final night of debating and voting on bills before today's mostly ceremonial end. Lawmakers did finally pass the one bill they’re constitutionally required to -- the state budget.</p><p> Mon, 27 May 2013 06:47:28 +0000 Veronica Zaragovia 7879 at http://kut.org As Final Hour Approaches, 83rd Legislature Begins Winding Down Tea Party Fights Republicans Over Texas' Rainy Day Fund http://kut.org/post/tea-party-fights-republicans-over-texas-rainy-day-fund <p>There’s a debate right now over what Texas lawmakers should do with the money in the <a href="http://www.texastribune.org/tribpedia/rainy-day-fund/">Rainy Day Fund</a>. The fund was set up in the 1980s to smooth out the differences from times of oil boom and bust.</p><p>Some see now as a boom time, because of the growth of energy production from <a href="http://www2.epa.gov/hydraulicfracturing">hydraulic fracturing</a>, or "fracking," but others see the threat of&nbsp;stormy times ahead.</p><p> Tue, 16 Apr 2013 01:03:49 +0000 Trey Shaar 7368 at http://kut.org Tea Party Fights Republicans Over Texas' Rainy Day Fund Amendment Would Provide Money for Roads and Water http://kut.org/post/amendment-would-provide-money-roads-and-water <p>A plan approved today by the Texas Senate Finance Committee would spend a lot of money on water and road projects if Texas voters give the go-ahead.</p><p>A <a href="http://www.legis.state.tx.us/BillLookup/History.aspx?LegSess=83R&amp;Bill=SJR00001">constitutional amendment</a> proposed by committee chair&nbsp;<a href="http://www.senate.state.tx.us/75r/senate/members/dist4/dist4.htm">Tommy Williams</a>, R-The Woodlands, would tap into the Rainy Day Fund, which is money mostly from the state’s gas and oil tax revenues, for transportation and water projects.</p><p> Thu, 11 Apr 2013 21:05:55 +0000 Veronica Zaragovia 7325 at http://kut.org Amendment Would Provide Money for Roads and Water Should Texas Use 'Rainy Day' Fund for Water Projects? http://kut.org/post/should-texas-use-rainy-day-fund-water-projects <p>Should Texas take money from the state’s so-called <a href="http://kutnews.org/post/agenda-texas-water-tops-legislative-agendas" target="_blank">Rainy Day Fund for water projects</a>? It’s an idea that will get a closer look today.</p><p>Lawmakers in the House Appropriations Committee are holding a <a href="http://www.capitol.state.tx.us/tlodocs/83R/schedules/html/C0162013031110001.HTM" target="_blank">public hearing this morning</a> on the proposal. The bill would set aside $2 billion from the economic stabilization or "Rainy Day" fund for water projects.</p><p>The bill’s author&nbsp;–&nbsp;<a href="http://www.house.state.tx.us/news/member/press-releases/?id=4152&amp;session=83&amp;district=21&amp;bill_code=4250" target="_blank">Rep. Allan Ritter (R-Nederland)&nbsp;–&nbsp;</a>says prolonged statewide drought has revealed the importance of developing a dedicated source of revenue for the state’s water plan. Mon, 11 Mar 2013 13:01:50 +0000 Laura Rice 6902 at http://kut.org Should Texas Use 'Rainy Day' Fund for Water Projects? Moody's: TX School Finance Ruling 'Credit Negative' http://kut.org/post/moodys-tx-school-finance-ruling-credit-negative <p>The<a href="http://www.moodys.com/"> Moody’s credit rating agency </a>says last week’s Texas school finance ruling could have a negative effect on the state’s credit rating. &nbsp;Last week, <a href="http://kutnews.org/post/judge-states-education-funding-system-unconstitutional">a state district court ruled</a> that the present school finance system is unconstitutional, in part because it inadequately funds public schools.</p><p>Moody’s is not downgrading Texas’ coveted triple-A credit rating, but the report suggests that could all change if the state is forced to tap its reserves to overhaul the school finance system.</p><p> Sat, 09 Feb 2013 01:17:26 +0000 Ryland Barton 6533 at http://kut.org Moody's: TX School Finance Ruling 'Credit Negative' The Perry Pledge: Spending Cuts, No New Taxes http://kut.org/post/perry-pledge-spending-cuts-no-new-taxes <p>Governor Rick Perry is calling on state lawmakers to cut spending and keep taxes level in the state&rsquo;s next budget. Perry unveiled details of the &ldquo;Texas Budget Compact&rdquo; in Houston today.</p><p>&ldquo;By keeping this tight rein on spending, we can build a more solid, predictable economy that doesn&rsquo;t put off tough decisions until, in some cases, it&rsquo;s too late to deal with them,&rdquo; Gov. Perry told the crowd in Houston. In details <a href="http://governor.state.tx.us/news/press-release/17164/">noted on the Governor&rsquo;s website</a>, Perry also called to &ldquo;preserve a strong Rainy Day Fund&rdquo; and &ldquo;cut unnecessary and duplicative government programs and agencies.&rdquo;</p><p>The state is in the middle of a two year budget passed by lawmakers in 2011. That budget cycle <a href="http://kutnews.org/post/estimated-texas-budget-gap-still-between-15-and-27-billion">cut spending by $15 billion</a>.</p><p> Mon, 16 Apr 2012 21:18:50 +0000 Wells Dunbar & Laura Rice 4042 at http://kut.org The Perry Pledge: Spending Cuts, No New Taxes Cracking open the 'Rainy Day Fund' http://kut.org/post/cracking-open-rainy-day-fund <p>Because Texas doesn&rsquo;t have enough money to run the state for the rest of the fiscal year, legislators gave initial approval to HB 275 today, authorizing a $3.1 billion withdrawal from the so-called rainy day fund to help &nbsp;pay for a more than $4 billion supplemental appropriation. That bill is also set for final passage on Friday.</p> Thu, 31 Mar 2011 23:35:48 +0000 Ryland Barton & Ben Philpott 1030 at http://kut.org Cracking open the 'Rainy Day Fund' Top Morning Stories March 23, 2011 http://kut.org/post/top-morning-stories-march-23-2011 <p><strong>Should School Districts Use Their Rainy Day Funds?</strong></p><p>Under pressure to tap into the state&#39;s Rainy Day Fund, Governor Rick Perry said Texas school districts should dip into their own reserve accounts first.&nbsp; Gov. Perry said districts have about $12 billion in reserve accounts.&nbsp; Ross Ramsey, of our political reporting partner <a href="http://www.texastribune.org/texas-education/school-finance/short-of-funds-texas-eyes-school-reserves/"><span style="text-decoration: underline;">T</span>he Texas Tribune</a>, has a report this morning saying that suggestion is not so simple.&nbsp; Wed, 23 Mar 2011 10:57:40 +0000 Crystal Chavez, KUT News 984 at http://kut.org Top Morning Stories March 23, 2011