AUSTIN, Texas -- Gov. Rick Perry says nearly another $1 billion from the Rainy Day Fund should be used for tax relief, in addition to the $3.7 billion he wants to spend from the state s emergency account to pay for water and road projects.
Not included in the governor s proposed budget is how $840 million from the Rainy Day Fund should be used to help achieve $1.8 billion in tax relief, which Perry called for in his State of the State speech this week.
Perry didn t mention using the Rainy Day Fund for tax relief in that address. He only suggested using some of the fund s projected $11.8 billion balance for one-time infrastructure investments.
The proposed spending is a reversal for Perry, who has previously kept a tight lid on the fund.