Texas state budget (2008-2009) - Sunshine Review

Texas state budget (2008-2009) - Sunshine Review: "However, on February 3, 2009, Lt. Gov. David Dewhurst and House Speaker Joe Straus signaled the need to reduce stated spending by $500 million by the end of the fiscal year citing “uncertain economic conditions” and the need to leave a “reasonable reserve in the rainy day fund” to avoid facing a deficit in 2011.[22] Anticipated incoming revenues included in the $80.1 billion budget for the year included federal funds, which the state has not yet received and could depend on the outcome of the American Recovery and Reinvestment Act being currently debated in Congress.[23] The 2008-9 budget was also burdened by $2 billion in expenses related to hurricanes Ike, Dolly and Gustav.[24] The federal government is expected to reimburse the state for 75% of its costs related to the hurricane, but Governor Perry is seeking an 100% reimbursement.[25]"