Tribpedia: Glenn Hegar

Oil Driller's Lawsuit Could Cost Texas Billions in Tax Refunds

If successful, an oil driller's lawsuit could cost Texas up to $4.4 billion in sales tax refunds, comptroller Glenn Hegar warns.
If successful, an oil driller's lawsuit could cost Texas up to $4.4 billion in sales tax refunds, comptroller Glenn Hegar warns.

What is the definition of "tangible personal property?" The arcane question is at the center of a lawsuit that could reap energy companies a multibillion-dollar windfall and drain the state's budget surplus. “This is very serious, real money," Comptroller Glenn Hegar said.

Sample tax stamps for controlled substances and "marihuana" available for sale until last year from the Texas Comptroller of Public Accounts.
Sample tax stamps for controlled substances and "marihuana" available for sale until last year from the Texas Comptroller of Public Accounts.

Analysis: The Death of Taxes on Illegal Drugs in Texas

Until the most recent legislative session, the state had a tax on illegal drugs, adding tax evasion to the list of things that could put buyers and sellers into jail. Selling and buying those drugs remains illegal, but at least the transactions are tax-free.

State Comptroller Glenn Hegar says his revenue estimate to divvy up for the 2016-17 budget will be about $113 billion.
State Comptroller Glenn Hegar says his revenue estimate to divvy up for the 2016-17 budget will be about $113 billion.

Hegar Calls Moody's Dour Texas Budget Report "Unfounded"

Comptroller Glenn Hegar launched a torrent of criticism at Moody’s Investors Service on Thursday after the credit rating agency released a report suggesting a drilling slowdown could eat up a projected $4 billion state budget surplus by December.

Gov. Greg Abbott is shown in November 2015 proposing reforms against "sanctuary cities" that he wants Texas lawmakers to consider in the 2017 legislative session.
Gov. Greg Abbott is shown in November 2015 proposing reforms against "sanctuary cities" that he wants Texas lawmakers to consider in the 2017 legislative session.

Analysis: Budget Battle Might Seem Boring, But Don't Doubt Its Impact

Some of the most important debates in government and politics are complicated — and boring. That gives the combatants some safety from voters who are preoccupied with battles that are easier to understand. Want an example? Look no further than the faceoff over state budget vetoes.

Sen. Ted Cruz (R-Texas) and Gov. Greg Abbott (R-Texas) speak at a press conference in the Capitol about Sen. Cruz’s Terrorist Refugee Infiltration Prevention Act of 2015 (S. 2302), in Washington, D.C., Dec. 8, 2015.
Sen. Ted Cruz (R-Texas) and Gov. Greg Abbott (R-Texas) speak at a press conference in the Capitol about Sen. Cruz’s Terrorist Refugee Infiltration Prevention Act of 2015 (S. 2302), in Washington, D.C., Dec. 8, 2015.

Attorney General's Office: Abbott's Budget Vetoes Should Stand

Gov. Greg Abbott was well within his powers when he vetoed more than $200 million in funds approved by the Texas Legislature this year, Texas Attorney General Ken Paxton’s office wrote in an opinion issued Monday.

 

Statewide Officeholders Staying Put in Austin

Four of the five statewide elected officials eligible to move out of the capital city following the Nov. 3 passage of Proposition 3, which repealed the state capital residency requirement, said they'll continue to call Austin home. Texas law prohibits state employees from receiving reimbursement for travel between home and work.

State Comptroller Glenn Hegar says his revenue estimate to divvy up for the 2016-17 budget will be about $113 billion.
State Comptroller Glenn Hegar says his revenue estimate to divvy up for the 2016-17 budget will be about $113 billion.

Hegar Lets Abbott Vetoes Stand, Asks AG to Decide

Comptroller Glenn Hegar announced Wednesday he will not authorize more than $200 million in funds approved by the Texas Legislature but vetoed by Gov. Greg Abbott as he waits for Attorney General Ken Paxton to settle the issue.

La Salle's Expedition to Louisiana in 1684, painted in 1844 by Jean Antoine Théodore de Gudin. La Belle, left, sank in present-day Matagorda Bay.
La Salle's Expedition to Louisiana in 1684, painted in 1844 by Jean Antoine Théodore de Gudin. La Belle, left, sank in present-day Matagorda Bay.

Buried Treasure: The State Budget Hides a Mystery

Lawmakers approved giving $200,000 to a community college that doesn't want it to fund a maritime museum that doesn't exist, and now the Legislative Budget Board may scuttle Gov. Greg Abbott's bid to reclaim the loot.

State Comptroller Glenn Hegar says his revenue estimate to divvy up for the 2016-17 budget will be about $113 billion.
State Comptroller Glenn Hegar says his revenue estimate to divvy up for the 2016-17 budget will be about $113 billion.

Rainy Day Fund Could Be Invested More Aggressively

The Texas Senate on Tuesday passed a measure granting Texas Comptroller Glenn Hegar more flexibility to invest a portion of the $8 billion in the state’s Rainy Day Fund, sending the bill to the governor's desk.

Republican Comptroller candidate Glenn Hegar speaks with Evan Smith at TribLive on May 29, 2014.
Republican Comptroller candidate Glenn Hegar speaks with Evan Smith at TribLive on May 29, 2014.

Texas Court Ruling Could Undermine Major State Taxes

A tax case started by a chain of movie theaters could cut billions from the state's franchise tax, and could affect the sales tax, too, state Comptroller Glenn Hegar said Wednesday. “The tagline is that the 3rd Court of Appeals ruling really turns two of the major funding streams for the state of Texas on its head,” Hegar said.

 

State Comptroller Glenn Hegar releases the revenue estimate on Jan. 12, 2015 to reporters and state officials the day before the legislative session.
State Comptroller Glenn Hegar releases the revenue estimate on Jan. 12, 2015 to reporters and state officials the day before the legislative session.

Hegar Suggests Shift in Rainy Day Fund Strategy

Comptroller Glenn Hegar is urging lawmakers to consider allowing his office to invest a portion of the Rainy Day Fund more aggressively, arguing that a greater return is worth the greater risk with the savings account.