The Trib reports that the Senate has passed a bill, unanimously, which would take roughly $6 Billion, about half, of the rainy day fund out of account and put it to use. Of that, roughly $3 Billion would go to transportation, $2 billion to water infrastructure and a little less than $1 billion for education.
Additionally, the resolution passed by the Senate would advocate further money from unexpected revenue to offsetting Education cuts. All in all, according to the Tribune article, “$3.7B of $5.2B” of education cuts would be offset.
Again, I’m pleasantly surprised to see that the Legislature doesn’t think it actually has to be raining in order to use the rainy day fund. Even the budget watchdog Susan Combs supports this plan. I sure hope Perry doesn’t muck it up.