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7h ago

Hinojosa Proposes $1,500 Check for Every Texas Household From Rainy Day Fund

Her campaign says the one-time rebate would use about $17 billion from the Economic Stabilization Fund but would need a two‑thirds legislative vote that Republicans control.

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Overview

  • Gina Hinojosa unveiled the proposal in a Houston rollout this week, offering a one-time $1,500 payment to every Texas household as affordability relief.
  • Her campaign estimates the plan would cost roughly $17 billion and reduce the state’s rainy day savings to about $10 billion after the payments.
  • State law requires two-thirds approval in the Legislature to repurpose the Economic Stabilization Fund for new programs, a threshold that faces a GOP-controlled House and Senate.
  • Gov. Greg Abbott’s campaign is pushing a competing approach centered on broad property tax cuts and he maintains a large fundraising advantage heading into the fall.
  • The fund is mainly built from oil and gas revenue and has grown into the mid-to-high $20 billions, so the proposal raises practical questions about distribution mechanics, legal steps, and the political fight over using reserves for direct relief.