Texas Comptroller Glenn Hegar Announces Transfer of $5.5 Billion to State Highway and Rainy Day Funds

Texas Comptroller Glenn Hegar Announces Transfer of $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 […]