Texas Comptroller Susan Combs notified state leaders last week that the current two-year budget will be tighter than expected, with a smaller rainy-day fund than anticipated when the budget was approved this spring.
In a letter to Gov. Rick Perry, Lieut. Gov. David Dewhurst, House Speaker Joe Straus, and legislative leaders, Combs said the state will have $77.7 billion in general revenue to cover the $77.6 billion in general fund appropriations in the budget.