Ogden: School Plan Would Use Rainy Day Fund

By: Associated Press
By: Associated Press

AUSTIN, Texas (AP) - The lead Senate budget writer says "a significant portion" of the chamber's plan to ease public school cuts will likely come from the Rainy Day Fund.

Republican Sen. Steve Ogden made the comments while the committee considered a school funding plan that would put $6 billion back into the budget proposal for schools. Schools would still be underfunded by about $4 billion based on current law, but the cuts would be significantly less than the budget approved by the House.

Ogden said the budget committee would discuss using the reserves on Thursday.

The Rainy Day Fund is projected to have a balance of more than $9 billion. Gov. Rick Perry has warned that he wouldn't approve using rainy-day money for the next two-year budget.

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