Texas Lawmakers Eye Rainy Day Fund For $1.75 Billion School Payment

AUSTIN (May 20, 2013)—State Rep. Drew Darby, R-San Angelo, says lawmakers are considering turning to the state's Rainy Day Fund for $1.75 billion owed to public schools as part of a complex Texas budget package.

Darby said Monday that as the Legislature enters a final and furious week, budget writers want to settle the classroom debt by accessing the projected $12 billion emergency fund.

Lawmakers in 2011 postponed the school payment as a gimmick to balance the budget.

A budget compromise between House and Senate negotiators calls for taking another $2 billion from the Rainy Day Fund to jumpstart new water projects.

The House was scheduled to consider a key bill surrounding those plans Monday night.

Darby is carrying a fees bill that is also part of the budget picture.

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