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Beyond the 806

Aquí hay un vistazo al "Fondo del Día Lluvioso" de Texas y cómo los demócratas están haciendo campaña para gastarlo - thetexan.news

Here's a Look at Texas' 'Rainy Day Fund' and How Democrats are Campaigning to Spend It - thetexan.news

Se proyecta que el Fondo del Día Lluvioso de Texas alcance los $ 27.4 mil millones para fines del año fiscal, y los candidatos demócratas en todo el estado están presionando para abrirlo. El Fondo de Estabilización Económica, basado en gran medida en los impuestos de la industria del petróleo y el gas, ha crecido hasta el punto en que se espera que exceda su límite legal por primera vez.

Texas' Rainy Day Fund is projected to hit $27.4 billion by the end of the fiscal year, and Democratic candidates across the state are pushing hard to crack it open.

The Economic Stabilization Fund, built largely on taxes from the oil and gas industry, has grown to the point where it is expected to exceed its legal cap for the first time ever. That record balance has become a flashpoint in statewide campaigns.

State Rep. Gina Hinojosa, the Democratic nominee for governor, wants to direct nearly two-thirds of the fund toward direct payments to Texas households. That would represent a massive shift in how the state treats money it has historically kept locked away for disasters and economic downturns. For working families in Lubbock and across West Texas, a direct payment proposal sounds appealing on paper, but the fund exists precisely because Texas has no income tax and needs a cushion when oil prices collapse.

Whether the legislature would ever move that much money out the door is a separate question entirely, and Republicans who control both chambers have shown little appetite for it.

The fund has never bumped against its own legal ceiling before, which means Texas is sitting on more emergency cash right now than at any point in state history.

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