Hegar transfers $8.5B to Rainy Day Fund

Texas Comptroller Glenn Hegar announced today he has completed the transfer of about $3.06 billion into the State Highway Fund (SHF) and $5.46 billion to the Economic Stabilization Fund (ESF); commonly known as the “Rainy Day Fund”). The Rainy Day Fund, which normally receives the same amount as the SHF, received $2.41 billion more because of the general revenue (GR) surplus at th...

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