Rainy Day Fund eyed for $1.75B school payment

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Associated Press

Posted on May 20, 2013 at 7:04 PM

Updated Tuesday, May 21 at 11:04 AM

AUSTIN, Texas (AP) — A top House Republican says using the state's Rainy Day Fund is being considered for $1.75 billion owed to public schools as part of a complex Texas budget package.

State Rep. Drew Darby said Monday that as the Legislature enters a final and furious week, budget writers want to settle the classroom debt by accessing a projected $12 billion in emergency dollars.

Lawmakers in 2011 postponed the school payment as a gimmick to balance the budget.

A budget compromise between House and Senate negotiators calls for taking another $2 billion from the Rainy Day Fund to jumpstart new water projects. The House was scheduled to consider a key bill surrounding those plans Monday night.

Darby is carrying a fees bill that is also part of the budget picture.

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