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Ogden proposes taking another $3 billion from Rainy Day Fund

from Texas Tribune

Members of the Senate Finance Committee kicked out a series of bills Wednesday intended to fund their chamber's version of the state budget for the next biennium. Toward the end of the meeting, Chair Steve Ogden, R-Bryan, dropped the news many have been waiting to hear: He wants to attach a contingency provision to their spending plans that would withdraw $3 billion from the Rainy Day Fund to balance the budget for the next two years, provided other revenue can't be found and the comptroller needs a last resort. more


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