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TX SJR4
Joint Resolution
Status
4/10/2025
Primary Sponsor
Charles Schwertner
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AI Summary
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Increases the maximum cap on Texas's Economic Stabilization Fund (Rainy Day Fund) from 10% to 15% of total general revenue deposited in the preceding biennium, excluding investment income, interest income, and borrowed amounts from special funds
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Requires voter approval through a constitutional amendment election scheduled for November 4, 2025
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Delays implementation of the new 15% cap until September 1, 2028, if approved by voters
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Includes a temporary provision that automatically expires on September 1, 2029
Legislative Description
Proposing a constitutional amendment providing for the maximum amount of money allowable in the economic stabilization fund.
State Finances
Last Action
Left pending in committee
5/8/2025