The swirling force of Texas politics

Gov. Perry Wants Cuts, Not Tapping Reserve Funds

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    Gov. Rick Perry says the Legislature should keep its hands off the state's Rainy Day Fund.

    Perry repeated his position against tapping the fund Tuesday at an appearance at a Dallas machine shop. He said using the fund now would simply "kick the can down the road" and make Texas vulnerable to financial pressures in 2013.

    However, he declined to say whether he'd veto any bill that taps the fund. He said his policy remains to avoid discussing legislation before it reaches his desk.

    Texas is facing its worst budget crisis in generations. Some Republican lawmakers have proposed tapping the state's Rainy Day Fund to make up for a $27 billion shortfall. But Perry continues to oppose any effort to raise more state revenue, or to tap the fund.