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Briscoe pushes Texas reserve fund from surplus
Gov Dolph Briscoe told a Lin International district convention that Texas should not view a large budget surplus as a blank check for agencies. He urged creating a $1 billion capital reserve fund for use in hard times, citing oil and gas revenue as temporary and stressing prudent, tax‑stable governance. He plans to push legislation in January with Lt. Gov Hubby and Speaker Clayton to safeguard future finances.
MENTIONED IN THIS ARTICLE
K. Mack
Dolph Briscoe
San Antonio
Texas
Bob Butlock
Briscoe
Lin's International
William P. Hubby
House
Bill Clayton
D-Springlake