Texas Comptroller Glenn Hegar on Nov. 25 announced the transfer of $3.33 billion into the State Highway Fund and the Economic Stabilization Fund, commonly known as the Rainy Day Fund. Each fund received more than $1.66 billion, or 50% of the transfer. The amounts are based on crude oil and natural gas production tax revenues in excess of 1987 collections. If either tax generates more revenue than the 1987 threshold, 75% of the excess is transferred. In 2014, voters approved a constitutional amendment allocating at least half of these taxes to the Rainy Day Fund, with the remainder going to the State ...