Thursday, April 25, 2013

Texas Senate

Earlier this week the Senate voted 31-0 for Senate Joint Resolution which would ask Texas voters to appove taking $5.7 billion out of the state's Rainy Day Fund. Of that amount, $2.9 billion would go to transportation, $2.billion for water infrastructure projects and $800 million to public education. The measure apporved yesterday will put $2.9 billion directly into the state highway fund, which TxDOT will use instead of issuing that much new debt. This will leave $6 billion in the fund and the Governor said he is more comfortable with $7 billion in the fund. The House has not yet taken action on the Joint Resolution.

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