No Need to Loot Texas’ Rainy Day Fund
The House supplemental appropriations bill (HB 2) appropriates state funds for the 2016-17 budget beyond the limit of the Conservative Texas Budget (CTB) and appropriates $1.4 billion from the Economic Stabilization Fund (ESF), commonly called the “Rainy Day Fund.” Neither of these are necessary; the Texas Legislature should finish the current budget cycle by using...