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Texas’ savings account is poised to hit $15 billion. How much will lawmakers spend?

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 Stabilization Fund is taking center stage in budget negotiations.

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