NEWS
Texas Comptroller Glenn Hegar transfers $5.5 billion to state highway and Rainy Day funds
(AUSTIN) — Texas Comptroller Glenn Hegar announced today he has completed the transfer of about $5.48 billion into the State Highway Fund (SHF) and the Economic Stabilization Fund (ESF; commonly known as the “Rainy Day Fund”). Each fund received about $2.74 billion, or 50 percent of the total transfer.
“These transfers into the ESF and SHF show the Texas economy remains strong and well positioned for continued growth albeit at a much more moderate pace than what we have seen in recent years,” said Hegar. “Although inflation has come down from the historic levels reached during the current administration, uncertainty remains in the global economy as consumers continue to grapple with elevated prices on everything from groceries to home and auto insurance, and geopolitical instability persists.
“That uncertainty is why lawmakers have safeguarded the Texas Rainy Day Fund and continued to invest in our transportation infrastructure. A healthy ESF balance provides a critical cushion against any future bumps in the road and gives the Legislature increased flexibility as they convene to tackle the critical issues important to Texans.”
The combined $5.48 billion severance tax transfers to the ESF and SHF 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 and SHF transfers must occur within 90 days after the end of the fiscal year.
When fiscal 2024 ended on Aug. 31, the ESF balance was $21.02 billion. With the most recent transfers, the new ESF balance is about $23.96 billion, not accounting for currently outstanding spending authority of approximately $486 million. The balance in the ESF will change as agencies spend down this remaining appropriation authority and investment earnings are realized.
The Bowie City Council will meet at 6 p.m. on June 23.
The agenda includes both old and new business items.
City Manager Bert Cunningham will make his report on the 2026-27 budget process, bid opening for the Glenn Hills lift station on July 16 and the bid for Rock and Pillar repairs.
In new business a pair of planning and zoning committee recommendations for replats at 107 E. Nelson and 412 Green will be reviewed. An ordinance adopting an office of emergency management amending a present ordinance will be offered.
Old business will see the second reading of the pickleball court reservation fee ordinance and the ordinance prohibiting drilling and mining or the reopening of an abandoned well or mine in any public park in the city limits.
A HEAT ADVISORY will be in effect from noon until 9 p.m. today (Thursday). Please plan accordingly.
Hear Audio Alert:https://hrpow.us/oeFZANN
Montague County Sheriff Marshall Thomas has confirmed human skeletal remains were recovered on June 13 in the Sunset area, and they could possibly be those of a flight attendant believed to have been murdered almost a year ago in the Fort Worth.
The murder suspect, Dennis William Day, 66, admitted in June 2025 to strangling Rana Soluri, 47, an Envoy flight attendant who lived with Day during that last year. She was reported missing by a co-worker on June 11 and had not been seen or heard from since March 2025.
Day initially denied any involvement, but later admitted to the murder and indicated he dumped her body somewhere in the Montague County area. Lawmen have scoured the areas in questions in both Montague and Wise County, but found nothing.
Sheriff Thomas said on June 13 the SO received a call of possible skeletal remains in the Brushy Creek area north of Poss Dyer Lane on Farm-to-Market 1749. A deputy went to the scene and confirmed it was human remains.
Investigators responded and kept the scene secure overnight until staff from the University of North Texas Forensic Anthropology Center could arrive and made the recovery on June 14. A Texas Ranger and staff from the Fort Worth Police Department also were on scene.
“There is no determination made yet on how long it has been there,” said Thomas. “The anthropologist was pleased to recover most of the skeleton in these conditions. Heavy rains previously made the past searches difficult. We are working jointly with Fort Worth to make an identification and if it is the victim in their homicide.”
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