Texas’ Economic Stabilization Fund (ESF) acts as a rainy day fund to cover state government budget shortfalls during economic downturns or emergencies and is often used for other purposes. The ESF’s shortcomings include it being rather easily raided for purposes other than covering budget shortfalls and stockpiling of taxpayer dollars in the fund. Legislators should raise the threshold vote to use the ESF for nonemergency purposes to four-fifths of each chamber, and consider lowering the cap and allocating funds above the cap to return to taxpayers or pay state liabilities. Read the full policy perspective below.
Reining in Federal Spending Through an Article V Convention of States
People often talk about the federal government as if it is set in a bubble removed from time and space, existing outside of the influence of the people. It is often forgotten that this government is made up of people selected from the public and that its authority is derived only from the consent of...