Yeah, Perry used a good portion of it to plug the budget gap for FY 2009.
He is a fairly good governor, our state has faired the recession better than most because of the business friendly environment.
He has made some serious mistakes along the way. His re-election was almost destroyed because of a plan to build a toll road using eminent domain to make the single largest land grab of private property in the history of Texas. People are up in arms this year over a $4 billion cut to education for the FY 2011 budget, without tapping a $10 billion rainy day fund.