Resurgent oil and gas production in Texas could fill the state’s rainy day fund to capacity within the next four years, according to a report to be issued Tuesday.
New projections from the business-backed Texas Taxpayers and Research Association show the fund would soon replenish record balances even if voters approve two constitutional amendments that would authorize using billions from the fund for water infrastructure and roads.
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Texas rainy day fund balance
Projections show the rainy day fund would produce record-setting balances even if voters approve two constitutional amendments affecting the fund.
Year/ Balance Without Amendments/ Balance After Amendments/ Cap
Figures are in billions
2014 $8.7 $6.7 $14.4
2015 $11.8 $8.2 $14.4
2016 $15.1 $9.9 $16.1
2017 $16.1 $11.6 $16.1
2018 $18 $13.4 $18
2019 $18 $15.3 $18
2020 $20.2 $17.3 $20.2
Source: Texas Taxpayers and Research Association