AUSTIN, TEXAS - While almost every state agency is facing big cuts, Texas has a rainy day saving account with almost $9 billion in it, and a lot of the people are asking why this recent shortfall isn't seen as a big enough monsoon to use that.
"If you have a reserve funds it affects your credit ratings. Like ways if it's gone for whatever reason, it might affect your credit rating," Representative Warren Chisum said.
Plus, it's not a fund you can use for appropriations. You can only pay existing bills with it. That means if a shortfall somehow happens after a budget is already approved, then the money could be used. And it probably would still require a two-thirds vote which is hard to get.