More than in any legislative session since the Great Recession, Texas lawmakers are signaling a willingness this year to dip into the state’s massive savings account. As the Legislature debates costly investments in property tax reduction and public schools, and with big bills coming due for retired teachers’ pensions and Hurricane Harvey recovery, Texas’ Economic…

AUSTIN — The three most powerful players in state government declared their unified support Thursday for an aggressive plan to place a 2.5-percent limit on property tax hikes enacted by school districts, cities and counties.

In the wake of Hurricane Harvey and devastating flooding in Central Texas last year, a key Republican lawmaker has proposed tapping the state rainy day fund for $1.2 billion to pay for flood-control projects.

One of the top priorities for businesses during this session appears to be preserving Chapter 312, an economic development law that lures development through tax abatements.

Texas lawmakers have been calling this legislative session the session of public education. And now they’re backing up that talk with money. This week budget documents were filed showing just how much lawmakers want to put into public education.