Houston Matters

Is the State’s ‘Rainy Day Fund’ Living Up to Its Original Purpose?

The Texas Taxpayers and Research Association recently released a report exploring the creation and original purpose of the state’s Economic Stabilization Fund, better known as the “rainy day fund.” The report includes the history of the fund and analysis of how it has been used in the budget process over the past 30 years. We […]

Photo: Michael Hagerty, Houston Public MediaThe Texas Taxpayers and Research Association recently released a report exploring the creation and original purpose of the state’s Economic Stabilization Fund, better known as the “rainy day fund.” The report includes the history of the fund and analysis of how it has been used in the budget process over the past 30 years.

We take a look at the history of the state’s Rainy Day Fund with Dale Craymer, president of the Texas Taxpayers and Research Association.

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