Stop the raid of the Rainy Day Fund – SJR1 – Vote NO!
Fast-breaking news…we are down to crunch time in the legislature. Regular session ends Monday. Please send this out ASAP and call your state representative’s office this morning before 10 AM when the House goes back into session! The vote on this has been delayed twice. YOU are making a difference!
Stop the raid of the Rainy Day Fund – SJR1 – Vote NO! The budget is already up 20% over the last one and now they want to raid the savings account too!
GOP leaders are determined to “bust the spending cap” even if it means enacting yet another gimmick
and more smoke and mirrors. This time they are changing the definition of “busting the spending cap.” This is particularly troubling when the Governor, Lt. Governor, and Speaker all strongly spoke against these tactics before the session began. They are all silent now!
We strongly oppose SJR 1. Here’s why:
1) We don’t believe the
TX Water Development Board is short on tools to finance water projects. The board already has two Texas Water Development Funds; creating another would be an unnecessary expansion of government. Spending money just because the Rainy Day Fund is projected to have $12 B at the end of the next biennium reeks of a Washington DC-like mindset.
2) 94% of Republican Primary Voters in 2012 voted for Ballot Resolution #4 - Limiting any increase in government spending. This garnered even more votes that repealing ObamaCare (93%).
3) SJR 1 weakens limits on spending by allowing the Legislature to always draw Rainy Day Fund money into a State Infrastructure Bank for water spending, but it never ever counts against the spending limit. (General Abbott has already agreed that a draw from RDF is considered to be general revenue and thus counts against the spending cap.)
With the passage of this language, the legislature will once again employ smoke and mirrors to spend more than it should by redefining what they want to do — bust the cap. Changing the definition of “busting the cap” so the lege can bust the cap is not what 94% of Republican voters are expecting.
4) State spending is out of control – no matter how the GOP leadership spins it. When both baseline budgets leave out transportation, water and the proposed tax cut, and still spend 20% more in General Revenue than last session and are determined to raid the Rainy Day Fund, it’s pretty clear leadership is on a spending spree.
Tell your state representative to resist! For the good of Texas – resist!
JoAnn Fleming, Executive Director (volunteer), Grassroots America – We the People www.gawtp.com
Chair – Advisory Committee to the TX Legislature’s TEA Party Caucus