Texas is lucky to have a large savings account in its so-called Rainy Day Fund, created to prevent or reduce sudden massive cuts to schools, health care and other services Texans need.
A 4 percent budget cut may not seem like much to the casual observer, but for a state that already underinvests in critical public services like education and health care, it represents potentially significant cuts to services that help Texans compete and succeed in life.
Texas officials are playing Chutes and Ladders with our state's budget, committing to increased spending even in the face of reduced revenue.
We all want a Texas budget that reduces wasteful spending. But neither chamber's initial proposal makes sufficient investments to help hard-working Texans or their families.