Rainy Day

As I looked for an important editorial to cover, I came across one that involved Texas and its issue on educational budgets. The editorial is explains U.S Rep. Lloyd Doggett, democrat from Austin, unsatisfied view in  the legislature "Stimulus Money" and that Doggett wanted to increase overall education spending by $3.25 billion and the legislature to tap the "Rainy Day Fund". With Texas Leaders gathering to face various budget deficits that many of the U.S States are also facing major budget deficits. Texas stands out on this category, Texas had a multibillion-dollar "Rainy Day Fund" and the only way it could be used is with a two-thirds vote of the Legislature. The executive director of the Legislative Budget Board, John O'Brien, had advised legislators "It was not fiscally sound budget policy to use one-time federal funds to increase the base budget without a tax structure able to maintain that level of spending..." O'Brien also mentions that by doing so that "it will require tax increases or devastating budget cuts." Congress later on the summer of 2010 had passed another funding bill specifically for education; it was also the same time Governor Perry was running for re-election. Having the dispute of Doggett and Perry carry over from President Obama’s decision to try to stimulate the economy with almost $1 Trillion in 2009, Doggett attached an amendment that denying Texas its portion of the funds. This article is a bit indecisive to me in turns on who to support but the article sure states that Governor  Perry “ has no authority to bind the legislature to future funding actions”.

http://www.statesman.com/opinion/smith-let-texas-make-its-own-choices-1349387.html