Rusty Garrett here with the weekend outlook: Sun and clouds both days with lower humidity. High temps are due to only reach the lower 80s. Early mornings in the low to mid 50s.
The $594.5 million dollar transfer increased the balance of the Texas Rainy Day Fund to $878.1 million.
Texas Comptroller Carol Keeton Strayhorn said the state should aim to
increase the balance to at least $3 billion.
That would total five percent of Texas' general revenue budget.
Lawmakers spent money from the Rainy Day Fund during the last regular legislative session, but Strayhorn said the unexpected surge in the natural gas severance tax has begun to restore the fund.
The Rainy Day Fund was created in 1987 as a savings account to
help offset fiscal instability during an economic downturn.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or email@example.com.