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Center for Public Finance



COVID-19 and the Texas Rainy Day Fund

Joyce Beebe

COVID-19 and the Texas Rainy Day Fund.

In late July, Texas Comptroller Glenn Hegar delivered a bleak economic outlook for the state’s economy: the amount of general revenue funds available for the current biennium is expected to be $11.5 billion less than originally estimated. Should the state tap into its rainy day fund to offset the impact of the coronavirus pandemic and facilitate a stable recovery? Baker Institute Blog: https://bit.ly/38foRuA