AP Interview: Texas will likely tap Rainy Day Fund

December 14, 2011 3:34:27 AM PST
Texas comptroller Susan Combs says despite better than expected revenue, lawmakers will likely have to tap the Rainy Day Fund in 2013.

Combs tells The Associated Press in an interview that how much is needed from the fund will depend on the national and global economy. She estimates Texas will bring in $1.6 billion more than expected over the next two years. Experts say lawmakers underfunded Medicaid by $4.8 billion.

Combs says the state should continue to work with the federal government and other states to bring down the cost of the health care program for the poor and disabled. She says the state should examine all of its long-term obligations to look for savings.

The comptroller says she is also looking for ways to defend against unwarranted federal regulations.