A brief history of each time Texas dipped into its savings account known as the ‘Rainy Day Fund’
Much like a savings account in any Texas household, the statehouse has its own account in which lawmakers store money for future rainy days—thus, the “Rainy Day Fund” was established. Officially called the Texas Economic Stabilization Fund, here is an overview of each time money was withdrawn from the Rainy Day Fund and a forecast […]
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