Accounting for 2015 leftover appropriations, this legislature can only appropriate $1.2 billion in state funds. File photo
According to the Texas Policy Institute, there is no reason to appropriate state funds for the 2016-17 budget beyond the limit of the Conservative Texas Budget (CTB) by taking approximately $1.4 billion from the Economic Stabilization Fund, also known as the "Rainy Day Fund."
This is what has been proposed by the House supplemental appropriations bill or HB 2. The Texas Policy Institute recommends finishing the current budget cycle by using general revenue and limiting state funds for appropriations to about $1.2 billion or below that amount, according to an announcement by the policy group.
The CTB limits are in place to ensure that appropriations of state and all other funds does not increase by more than population growth plus inflation, according to the Texas Policy Institute. The group examined HB 2 and determined that the measures were not necessary.
The policy group warns that, accounting for 2015 leftover appropriations, this legislature can only appropriate $1.2 billion in state funds and $6.1 billion in all others to remain in balance with the CTB.