There is very little consensus between the Senate and House versions of the 2018-19 state budget proposals released early in the 85th legislative session.
The Senate’s first draft, written by Sen. Jane Nelson, R-Flower Mound, accounts for $103.6 billion in spending from the state’s General Revenue Fund, notably below the Comptroller’s Biennial Revenue Estimate, which limited the Legislature to spending $104.89 billion.
The House, on the other hand, calls for spending $108.9 billion from the General Revenue Fund, which would include funds not allotted in the revenue estimate.
Early analysis indicates legislators might need to dip into the Rainy Day Fund, a state savings account that sets aside money for when state budget demands exceed estimated revenue. The account currently contains roughly $10 billion and will grow to contain about $14 billion by the end of this session.
Sen. John Whitmire, D-Houston, was the first to propose pulling money from the Rainy Day Fund during a Senate Finance Committee meeting Jan. 23.











