Perry stays guarded on $6B Rainy Day Fund plan

By: PAUL J. WEBER, Associated Press
By: PAUL J. WEBER, Associated Press

AUSTIN, Texas (AP) - Gov. Rick Perry is staying noncommittal about a proposal from Senate Republicans to take $6 billion from the state's Rainy Day Fund for water and highway projects.

Perry on Friday said the state doesn't need $12 billion in emergency reserves, which is the projected balance of the Rainy Day Fund if left unspent. But Perry stopped short of endorsing a Senate GOP proposal to spend half that stockpile on infrastructure.

Perry said he was "open to their ideas" following a speech at an Austin transportation summit. He used the event to come out in favor of dedicating future vehicle sales taxes for transportation projects.

The new Senate plan takes far more from the Rainy Day Fund than the $3.7 billion that Perry proposed when the Legislature convened in January.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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