“The Texas Public Policy Foundation welcomes the news that the Texas Senate may shortly consider a 2012-13 budget bill that does not include use of the Rainy Day Fund. This is a credit to the hard work and persistence of Sen. Steve Ogden and the Senate Finance Committee.
“The Foundation has consistently opposed use of the Rainy Day Fund for ongoing obligations, in the belief that cutting excessive spending and living within the state’s means is the best way to a sound budget. We are pleased that the Texas Senate will have an opportunity to enact a budget that is consistent with this approach.”
The Honorable Talmadge Heflin is Director of the Center for Fiscal Policy at the Texas Public Policy Foundation. Heflin served 11 terms in the Texas House of Representatives and chaired the House Appropriations Committee in 2003, leading the Texas Legislature’s successful efforts to close a $10 billion budget deficit without a tax increase.
The Texas Public Policy Foundation is a non-profit, free-market research institute based in Austin.
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