Texas Tapping Into Rainy Day Fund - Newschannel 6 Now | Wichita Falls, TX

Texas Tapping Into Rainy Day Fund

The Texas senate has voted to tap into the state's rainy day fund.  Senators voted to spend nearly $4 billion to cover gaps in the current budget.  An earlier deal struck between lawmakers and Governor Rick Perry would spend only about $3.2 billion.  The senate moved to add the extra money last week.

The idea behind spending the extra $800 million is to free up that amount of money in the spending plan lawmakers are writing for the next two years.

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