Perry: Take $1B from Rainy Day Fund for tax relief - Dallas News | myFOXdfw.com

Perry: Take $1B from Rainy Day Fund for tax relief

By PAUL J. WEBER
Associated Press

AUSTIN, Texas (AP) - Gov. Rick Perry says nearly another $1 billion from the Rainy Day Fund should be used for tax relief, in addition to the $3.7 billion he wants to spend from the state's emergency account to pay for water and road projects.

Not included in the governor's proposed budget is how $840 million from the Rainy Day Fund should be used to help achieve $1.8 billion in tax relief, which Perry called for in his State of the State speech this week.

Perry didn't mention using the Rainy Day Fund for tax relief in that address. He only suggested using some of the fund's projected $11.8 billion balance for 1-time infrastructure investments.

The proposed spending is a reversal for Perry, who has previously kept a tight lid on the fund.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Powered by WorldNow

KDFW FOX 4
400 N. Griffin Street
Dallas, Texas 75202

Main Station Directory:
(214) 720-4444
News Fax:
(214) 720-3263 or (214) 720-3333

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices