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Sovereign Wealth Funds Briefing - Categorized | Financials

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

Posted on 31 January 2013

Gov. Rick Perry gave his public blessing this week to use billions from the state’s emergency piggybank to build roads and secure water. Left unsaid was his belief that spending from the Rainy Day Fund shouldn’t stop there.
During his State of the State address Tuesday, Perry called for spending $3.7 billion from the politically thorny fund for one-time infrastructure projects. Not announced to a packed House chamber was that in his budget proposal sent to lawmakers that same day, Perry suggests using nearly another $1 billion from the fund in tax relief………………………………………..Full Article: Source


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