Perry: Be Cautious With Federal Stimulus

Gov. Rick Perry said Texas should be cautious about taking money from the federal economic stimulus package.

Perry on Tuesday spoke to a gathering of small business owners in Austin just hours before President Barack Obama signed the $787 billion stimulus into law.

The governor said he's interested in taking tax money Texans had already paid for spending on such things as roads and transportation projects.

The Republican also said he's concerned about using federal money for programs that could leave the state paying the bill several years later.

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Perry didn't identify what those programs would be, but said his office will be studying the stimulus plan closely and how it will impact Texas.

Copyright AP - Associated Press
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