Texas teacher pension fund gave more in bonuses than all other state agencies combined, analysis shows

Investment managers for the state’s teacher retirement fund received more than $8.2 million in bonus payments this year, more than double what top employees in every other state agency combined have received since 2007, a Dallas Morning News analysis has found.

Tims, Hoppe: http://dallasne.ws/f2ZIID

Texas leaders order additional spending cuts to address budget deficit

AUSTIN — State leaders, trying to dig out of a hole in the current two-year budget before the next one has to be whacked, today ordered agencies to further curb spending. Agency chiefs were told in a letter that they must reduce expenditures by 2.5 percent in the remaining nine months of the current fiscal year.

Garrett reports: http://dallasne.ws/eWNpc6