Texas Legislature: GOP plan uses $6B from Rainy Day Fund for road, water projects
Once loath to even touch the massive cash reserves in the state's Rainy Day Fund, the Republican-controlled Texas Legislature now appears ready to make a big grab.
Texas voters would be asked to authorize taking $6 billion from the Rainy Day Fund to pay for water and road projects under a new Senate plan. The proposal was scheduled to be unveiled Thursday morning in the Senate Finance Committee.
Republican state Sen. Tommy Williams is calling for $2.5 billion for water projects and $3.5 billion to improve deteriorating and congested highways.
Voters would have to approve both measures with constitutional amendments in November.
Copyright 2013 by The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.