From Lubbockonline.com: Gov. Rick Perry, who had vowed not to tap into the state’s reserve fund — popularly known as the Rainy Day Fund — said Tuesday it’s OK to use some of the money after all.
Perry and Texas Legislature leaders on Tuesday reached an agreement that would allow the lawmakers to withdraw $3.2 billion from the $8.2 billion fund to fill a gap expected for the current fiscal year ending Aug. 31………………………………………Full Article: Source