NEWS
Comptroller moves money from Rainy Day Fund to State Highway Fund
Texas Comptroller Glenn Hegar announced today he recently completed the transfer of more than $2.91 billion into the State Highway Fund (SHF) and the Economic Stabilization Fund (ESF; commonly known as the “Rainy Day Fund”). Each fund received nearly $1.46 billion, or 50 percent of the total transfer.
“The Rainy Day Fund and the State Highway Fund are key components of Texas’ long-term economic success and help provide the foundation needed for our future growth,” Hegar said. “Texas is experiencing a strong economic recovery, and our population continues to boom as more and more people and businesses seek out the jobs and opportunities created here in Texas. It is critical that we continue to invest in the infrastructure needed to maintain our fiscal health and keep our economy growing while at the same time acknowledging the uncertainty that remains and setting aside dollars to ensure we are able to weather future downturns.”
The transfer amounts are based on crude oil and natural gas production tax revenues in excess of 1987 collections. If either tax generates more revenue than the 1987 threshold, an amount equal to 75 percent of the excess is transferred.
In November 2014, voters approved a constitutional amendment allocating at least half of these severance taxes to the ESF, with the remainder going to the SHF for use on non-toll highway construction, maintenance and right-of-way acquisition.
According to the Texas Constitution, the ESF transfer must occur within 90 days after the end of the fiscal year. When fiscal 2021 ended on Aug. 31, the ESF balance was $10.3 billion.
With this most recent transfer, the new balance will be about $11.4 billion, not accounting for currently outstanding spending authority of approximately $1.43 billion. The balance in the ESF will change as agencies spend down this remaining appropriation authority and investment earnings are realized.
There was a small turnout for the Oct 29 town hall meeting to explain the new emergency transportation plan being offered to residential utility customers in the City of Bowie.
About 25 citizens attended the session at the community center where Will Winters of MASA discussed the plan that will offered to customers and paid for through a $7.75 fee collected on the city utility bill. Every meter is auto enrolled in the plan, but customers can opt out by filling out a form on the city website or at the city finance office.
Customers will have until Nov. 11 as the deadline to opt out before the fee becomes effective on Dec. 1. There also is a process in effective to opt out at a later time. Opting out in the first 90 days qualifies you for a full bill credit refund, but after 90 days, previous fees are non-refundable.
(Top image – Bowie citizens listen to MASA representative Will Winters about details of the program at the city hall MASA meeting Oct. 29.)
Read the full article in your Thursday Bowie News.
The Supertunia Tiara duo debuted in 2025 and in this brief amount of time has become the darling of the landscape. The love and admiration from gardeners across the country including my area of West Georgia and East Alabama has been nothing short of wow.
As much as gardeners treasure their Supertunia Vista Bubblegum petunias, Supertunia Pink Tiara and Blue Tiara are here to say look at me! Oh yes, and both are building a trophy case with awards.
At first, it would seem the Supertunia Tiara Petunias were designed with the artist gardener in mind. While that could be true it is most likely that these petunias are so unique and beautiful that any combination or application you try simply looks ready for canvas.
Read the full Garden Guy column in your Thursday Bowie News.
The Bowie City Council approved a $950,000 project to improve the walking path at Pelham Park on Oct. 27.
Bowie Economic Development Corporation Executive Director Janis Crawley said the upcoming project will repave 26,277 square feet of pathway in concrete, spanning about 0.6 miles in length.
The work covers the trail section northeast of the Blade, curving past the soccer fields and toward the swimming pool.
Another section goes around the pool and sport courts, then back down toward the Blade. The project will also widen the trail section to eight feet and add a new 36-foot bridge.
Read the full story in your Thursday Bowie News.
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