Sunday, August 11, 2013

3rd Special Session

The last few months of Perry's regime have been filled with heavy action.
With a total of 3 special sessions, Perry has left his mark as governor.

So what exactly was on the docket for the 3rd special session?
Apparently the the transportation bill, had been on the docket since the first special session but due to the chaos caused by the infamous HB 1, it had been pushed back.

Passing with flying colors the transportation bill boosted the transportation fund by $1.2 billion allocated from excess gas & oil funds. 

Unfortunately, the increase of $1.2 billion is not enough to cover an estimated $4 billion worth in much needed improvements to Texas infrastructure. 

Texas has had a long withstanding reputation of economic stability and strength, despite the previous recession. But what really accounts for Texas' economic well-being? Some account Texas' stability to a hefty amount of almost $6 billion deposited safely in the Rainy Day Fund. 
For those not familiar with the fund, it is simply defined as a savings deposit that can be used in times of economic need. Growing in the past years from $500 million to almost $6 billion, the Rainy Day Fund proves to be a strong asset for the Texas economy.

But, keep one thing is mind: Is Texas' economic strength the result of Perry's stringent policies or the sheer fact that Texas is one of few states blessed with much needed natural resources- oil & gas?

No comments:

Post a Comment