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Hegar Seeks To Move More of State’s Rainy Day Fund From Cash To Stocks and Bonds
Posted on · Texas Comptroller Glenn Hegar says the fund now holds nearly $12.5 billion. He wants to invest more of it as a hedge against inflation.
Tag: Comptroller Glenn Hegar
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Texas Government Risks Credit Rating Downgrade, Comptroller Glenn Hegar Says
Posted on · Without an infusion of new money to cover mounting liabilities, Hegar warned, credit agencies are likely to downgrade Texas’ credit rating, which would make it more expensive for the state to borrow money — and perhaps damage the state's business climate