Tag Archives: rainy day fund

Senate to tap that Rainy Day Fund

It is just sitting there, not doing any good if it’s unused. Senate Finance Committee Chairman Tommy Williams, R-The Woodlands, laid out an ambitious plan to spend $6 billion from the state’s Rainy Day Fund on Thursday morning while also … Continue reading

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Water infrastructure bill passes

This is good. The Texas House on Wednesday voted overwhelmingly to create a revolving, low-interest loan program to help finance a new round of reservoirs, pipelines and other water-supply projects for the drought-stricken state. Lawmakers approved House Bill 4 on … Continue reading

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Senate passes its budget

Let the damning with faint praise for this jerry-rigged excuse for not adequately funding our needs yet not eviscerating them as badly as last time begin. The Texas Senate approved a $195.5 billion two-year budget Wednesday, with Democratic state Sens. … Continue reading

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We have a budget

It is what it is. The 15 members of the Senate Finance Committee unanimously voted on Wednesday for a $195.5 billion two-year budget that undoes some of the cuts from the 2011 legislative session. The budget, which now heads to … Continue reading

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TSTA polls about public education

From the inbox, via the TSTA: A strong majority of Texas voters support using some of the $12 billion in the state’s Rainy Day Fund to restore the $5.4 billion cut from the public education budget two years ago, and … Continue reading

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Meet SWIFT

SWIFT is the State Water Infrastructure Fund for Texas, which would be created by the big water bills of the session, HB4 and SB4. Basically, this is a plan to create a water infrastructure bank, to finance various water projects … Continue reading

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School districts are still a long way from getting relief

School districts may have gotten a favorable ruling in the latest school finance lawsuit, and if it survives appeal it could have far-reaching effects on the current system, but that doesn’t mean that things will get better for them now. … Continue reading

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Another reason why spending caps are a bad idea

There are many reasons why, but this is one we haven’t encountered before. Several political observers well-versed in the state’s finances say that lawmakers could hit the state’s spending limit this session, complicating efforts to access the $11.8 billion in … Continue reading

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The revenue estimate is in

And under normal circumstances it would be very good news. Texas Comptroller Susan Combs, laying out the parameters for state spending on the eve of the legislative session, said Monday that the rebounding Texas economy gives lawmakers $8.8 billion unallocated … Continue reading

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Finally a focus on water

The good news is that the 2013 Lege does seem to be serious about water issues. House Speaker Joe Straus recently said Texas’ water needs will be a high priority, while Lt. Gov. David Dewhurst, who presides over the Senate, … Continue reading

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So how’s public education doing under the Republicans?

Well, for starters, there’s larger class sizes. Northside’s predicament mirrors that of several other local districts with expanding enrollments. It’s part of the argument hundreds of Texas districts are making in an ongoing school finance lawsuit against the state, blaming … Continue reading

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When is a surplus not a surplus?

When any extra money you might have is already accounted for, due to unaddressed needs, accounting shenanigans, and shortsighted cuts. Some lawmakers and budget experts expect to have as much as $8 billion to $9 billion more in general revenue … Continue reading

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Land Board throws the Lege a curveball on school finance

Oops. In the waning days of the 82nd Legislature, state lawmakers came up with a plan to help cushion the blow of $5.4 billion in cuts to public education. State Rep. Rob Orr, R-Burleson, proposed a constitutional amendment that he … Continue reading

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What will the excuse for austerity be now?

We’re in the money, as it were. Comptroller Susan Combs on Wednesday released updated details of how much money Texas is expected to collect in taxes and fees in fiscal year 2013, which begins on Sept. 1. The report, prepared … Continue reading

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Perry’s budget suicide pact

I have four things to say about this. Borrowing a tactic from national anti-tax crusader Grover Norquist, Gov. Rick Perry used a tax day appearance in Houston to propose a no-new-taxes pledge for Texas lawmakers, a pledge that would, in … Continue reading

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We have a long history of screwing public schools in this state

I’ve been meaning to post about this Texas Observer story about the current status of school finance, the litigation challenging it, and the story of how we got here. Here’s a little local angle to illustrate one of the many … Continue reading

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No, there won’t be a special session to help the public schools

Someone managed to catch Rick Perry during the few minutes he was in the office this week to ask about about having a special session to appropriate some of the extra Rainy Day funds to mitigate the cuts to public … Continue reading

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Calling for a special session

It started with the Texas State Teachers Association. The Texas State Teachers Association today urged Gov. Rick Perry to call the Legislature into special session now to appropriate $2.5 billion from the Rainy Day Fund and head off another round … Continue reading

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As always, the hole is bigger than we thought

Remember how the Republicans in the Lege underfunded Medicaid by $4.5 billion, which they will have to tap the Rainy Day Fund in 2013 to deal with, in order to make the budget for this biennium appear to be “balanced”? … Continue reading

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State revenues inching up

A little bit of good news. State coffers will be bit plumper than previously expected, Comptroller Susan Combs announced Monday, but her outlook for the Texas economy is less optimistic. Texas is estimated to collect $1.6 billion more than was … Continue reading

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Don’t expect the next budget to be any better than this one

Continuing a theme I’ve harped on here, if state legislators thought that they solved Texas’ budget issues this year they are sadly mistaken. Some experts say Texas tax revenues must zoom far above forecasts, if we’re to escape another miserable … Continue reading

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Opening bids on the next deficit

Do I hear $7 billion? Ten billion? How about $15 billion? Early projections indicate that when the Legislature convenes in 2013 it could face another revenue shortfall. Not as severe as this year’s $27-billion gap, but still problematic. “I think … Continue reading

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Sine Die, take two

The House followed the Senate out the door yesterday, leaving a bit of unfinished business behind. The Senate’s version of a bill to criminalize intrusive pat-downs by federal agents with the Transportation Security Administration has died in the House, after … Continue reading

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The budget is still broken

What was true at the beginning of the regular legislative session is still true as the special session winds down: The budget is still broken. Instead of revamping the business tax structure or taking aim at tax exemptions, lawmakers cut … Continue reading

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GOP finally kills Howard amendment

In the end, this was no surprise. An amendment from Rep. Donna Howard, D-Austin, that would have directed surplus money from the Rainy Day Fund to pay for enrollment growth in public schools has perished in conference committee. The House … Continue reading

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No more cuts for HISD, for now

As we know, the HISD Board of Trustees had originally set its budget based on the initial House appropriations, which cut almost $8 billion from public schools. The budget that’s in the works now would “only” cut $4 billion, so … Continue reading

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Cut education now, pay later?

That’s the question for Republican legislators, isn’t it? GOP legislators didn’t budge this session from their commitment to reduce Texas’ education spending even in the face of protests, negative ad campaigns and reams of criticism. The outcry didn’t faze them … Continue reading

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A few facts about education employment

State Board of Education member Thomas Ratliff brings some numbers to the debate. When you hear the discussion about the increase in the number of “non-teachers” in our schools, consider the following facts. These numbers represent full-time equivalent employees to … Continue reading

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House Republicans still going after education

Amazing. Republicans again tried to take away a Democratic victory today. This time, Rep. Phil King, R-Weatherford, was successful as he pushed for a motion to instruct conferees to strip the spirit of an eduction-related amendment by Rep. Donna Howard, … Continue reading

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Eissler changes class size bill

Hair Balls was first with the news. Rep. Rob Eissler (R- The Woodlands) whose House Bill 18 wanted to move the state to a cap of 25 students in each classroom, [Friday] instead made a floor substitution which only mildly … Continue reading

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House passes budget

The main objective of the special session has now been accomplished. But not before one of the House’s biggest homophobes nearly derailed it on Thursday. Lengthy debate on a key budget bill featured many retreads of contentious topics from the … Continue reading

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Republicans admit that the Rainy Day fund has been spent

I’m sure you’ve heard Rick Perry and other Republicans talk about how they’ve “balanced” the budget without tapping into the Rainy Day fund. I’m sure you’ll be surprised to hear that they’re lying. Republicans have given up any pretense that … Continue reading

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Senate approves teacher furlough bill

Another divisive bill, another party-line vote. Legislation allowing school districts to reduce teacher pay and furlough them — to help absorb big budget cuts — sailed through the Texas Senate on Monday with a straight party-line vote. Lawmakers are working … Continue reading

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HISD contemplates a tax increase

They’re not saying it explicitly yet, but the inference is clear. Houston ISD board president Paula Harris said today that raising property taxes, dipping into the district’s savings account and suing the state over school finance inequities are all possibilities. … Continue reading

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