GOP plan uses $6B from Texas Rainy Day Fund
Thu, 11 Apr 2013 14:49:36 GMT —
AUSTIN, Texas (AP) - Once loath to even touch the massive cash reserves in the state's Rainy Day Fund, the Republican-controlled Texas Legislature now appears ready to make a big grab.
Texas voters would be asked to authorize taking $6 billion from the Rainy Day Fund to pay for water and road projects under a new Senate plan. The proposal was scheduled to be unveiled Thursday morning in the Senate Finance Committee.
Republican state Sen. Tommy Williams is calling for $2.5 billion for water projects and $3.5 billion to improve deteriorating and congested highways.
Voters would have to approve both measures with constitutional amendments in November.
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