Senate plan gives Rainy Day Fund boost to schools

Senate plan gives Rainy Day Fund boost to schools

Senate plan gives Rainy Day Fund boost to schools

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by Associated Press

kvue.com

Posted on April 23, 2013 at 6:03 PM

Updated Tuesday, Apr 23 at 6:03 PM

AUSTIN -- Public schools in Texas would receive a one-time payout of $800 million from the state's Rainy Day Fund under a revised spending plan in the Senate.

Republican state Sen. Bob Deuell says he expects the proposal to reach the Senate floor late Tuesday. Tapping the state's emergency piggybank for education would be somewhat of a shift for GOP leaders, who have long safeguarded the fund against recurring expenses.

Deuell says the new Senate plan also calls for taking $2 billion from the Rainy Day Fund for water projects and another $2.9 billion to improve the state's crumbling and congested roads. Both are less than what Senate budget-writers originally proposed earlier this month.

The Rainy Day Fund balance is projected to reach nearly $12 billion if left unspent.

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