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Texas Comptroller Glenn Hegar pitches Rainy Day Fund overhaul


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By Jim Malewitz Comptroller Glenn Hegar, the state’s chief financial officer, wants to overhaul the way Texas socks away money for tough economic times. He’s pitching an investment strategy — the creation of an endowment of sorts — that he believes would grow the state’s savings account by billions over the decades and give lawmakers extra funds each session for often-neglected items such as funding pensions, paying down debts or fixing crumbling infrastructure like state hospitals. Hegar’s plan, made public in a TribTalk column Thursday, would reshape the state’s Economic Stabilization Fund, better known as the Rainy Day Fund. That […]

The post Texas Comptroller Glenn Hegar pitches Rainy Day Fund overhaul appeared first on Community Impact Newspaper.

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