Supplemental funding legislation draws from ‘Rainy Day Fund’
A few of the funding priorities expressed by the executive, legislative and judicial branches are not covered in Senate Bill 2, the state’s tentatively approved appropriations bill for fiscal years 2020 and 2021.
So, on March 13, the Senate voted unanimously in favor of SB 500, $6 billion in supplemental funding to plug many holes. Some $4.3 billion of the total would be taken out of the Economic Stabilization (“Rainy Day”) Fund. Authored by Senate Finance Committee Chair Jane Nelson, R-Flower Mound, the legislation proposes the following allocations:
• $3 billion for Hurricane Harvey recovery expenses;
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