Tuesday, March 1, 2011

GOP budget chiefs favor using rainy-day money, despite Perry protest

AUSTIN — The Legislature’s chief budget writers said Monday that rainy-day money ought to be used to cover the state’s current operating deficit, but Gov. Rick Perry quickly opposed the idea, saying his fellow Republicans are moving too fast.
Rep. Jim Pitts , chairman of the House Appropriations Committee, filed a bill that would use nearly $4.3 billion of rainy-day funds to erase a shortfall in the current two-year cycle, which ends Aug. 31.

More from Garrett on use of rainy-day fund: http://dallasne.ws/hE82Cc

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