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Senator Hinojosa to Select Committee to Determine Sufficient Balance of Economic Stabilization Fund

AUSTIN, TX – Lt. Governor Dan Patrick has appointed Senator Juan “Chuy” Hinojosa to the Select Committee to Determine a Sufficient Balance of the Economic Stabilization Fund. The committee met this Monday morning and adopted a sufficient balance of $7.5 billion.

Senator Hinojosa issued the following statement:

“It is an honor to be appointed to the Select Committee to Determine a Sufficient Balance of the Economic Stabilization Fund (ESF). The balance of the ESF is at an all-time high, so it is appropriate that the Legislature discuss ways to best use the fund to address the present and future needs of the state. At the same time, any expenditures of the fund must be thoughtful and deliberative so that we will have sufficient reserves to deal with exigent circumstances as they arrive, and so that we can maintain the state’s excellent credit rating.”

Senator Juan “Chuy” Hinojosa proudly represents the counties of Nueces, Jim Wells, Brooks, and Hidalgo (part). Senator Hinojosa currently serves as Vice-Chairman of the Senate Committee on Finance, and serves on the Senate Committees on Natural Resources & Economic Development; Transportation; Agriculture, Water & Rural Affairs.

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