Energy Issues Likely Part of 82nd Legislature Discussions
For the first time in years, the state of Texas will have a deficit. But, unlike other states, Texas has a $10-billion rainy day fund that will be usable–although not easily accessible. It requires 100 votes in the House to expend any of that money, according to state District 60 Rep. Jim Keffer, chairman of the energy resources committee, who spoke recently at a Greater Irving Las Colinas Chamber of Commerce luncheon.
“Without [the rainy day fund], we’d be up a creek without a paddle,” Keffer says.