claim: says the state’s rainy day fund is "our insurance policy against a major natural disaster."
author: rick perry
evidence_1: oct 5, 2017 ... with hurricane harvey devastating texas's largest city and towns along the ...  twenty-five states, including texas, can access their rainy day funds for disaster-  and emergency-related expenses. ... some officials say general revenue and  spending reductions are typically sufficient to get through a disaster.
evidence_2: mar 21, 2011 ... ... past decade and a barely true after saying march 14 that the state's rainy day  fund "is our insurance policy against a major natural disaster.
evidence_3: sources of funding how rainy day funds (rdfs) are funded varies ...  budget stabilization funds allow states to set aside surplus revenue for times ...  for example, colorado's fund can only be used to cover shortfalls caused by  natural disasters. ... on programs such as unemployment insurance and medicaid  increase.
evidence_4: jan 25, 2018 ... more than half of states have rebuilt their rainy day funds since the great  recession, ... at the close of fiscal year 2017, total balances in states' general  fund ... funds—were the largest component of states' financial cushions in fiscal  2017 ... the importance of rainy day funds in helping to gird against budget ...
evidence_5: dec 19, 2018 ... send us your questions about texas politics and policy by emailing ... the fund  should be used to plug holes in the state budget caused by natural disasters or a  ... watch the video above to learn more — or read our related coverage below: ...  and if the state needs to tap its rainy day fund for hurricane costs, ...