TEXAS COMPTROLLER GLENN HEGAR ANNOUNCES TRANSFER OF $8.5 BILLION TO STATE HIGHWAY AND RAINY DAY FUNDS

For those of you wanting to keep up with the Texas economy, Texas Comptroller Glenn Hegar announced he has completed the transfer of about $3.06 billion into the State Highway Fund (SHF) and $5.46 billion to the Economic Stabilization Fund (ESF; commonly known as the “Rainy Day Fund”). The Rainy Day Fund, which normally receives the same amount as the State Highway Fund, received $2.41 billion more because of the general revenue (GR) surplus at the end of fiscal 2023.