Rainy Day Fund hits its cap - Fredericksburg Standard

Gillespie Life

State Capital Highlights By Gary Borders, on April 6, 2023

Rainy Day Fund hits its cap

The stateâs piggy bank is nearly full. Comptroller Glenn Hegar predicts the stateâs so-called Rainy Day Fund, officially the Economic Stabilization Fund, will reach its statutory limit by 2025, which is 10% of what is deposited in the General Revenue Fund. Rising revenues fueled by spikes in energy

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