The state will have an extra $27 billion in its coffers in 2023 — money that could help pay for property tax cuts and other legislative priorities.
Glenn Hegar
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Texas Legislature 2021
Watch Comptroller Glenn Hegar discuss the state’s economy and more at The Texas Tribune Festival
Hegar also talked about how to keep Texas business-friendly and what another wave of COVID-19 could mean for the state budget.
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Texas Legislature 2021
Texas’ pandemic budget shortfall disappears, as latest forecast shows a surplus
The latest revenue estimate doesn’t take into account all of the federal relief that has been sent to Texas over the past year by Congress through pandemic relief packages. State lawmakers have wrestled with how and who has the authority to spend that money.
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Winter Storm 2021
Analysis: Dan Patrick’s interrogation about a freeze warms speculation about 2022
An unusual appearance by the lieutenant governor at a Senate hearing looked like a tough session for one of Gov. Greg Abbott’s appointees — and raised speculation about political tension between the state’s top two elected officials.
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Texas Legislature 2021
Analysis: The odds for legal pot and casinos in Texas just got worse
One argument for legalizing casino gambling and marijuana sales in Texas is that they would produce tax revenue for the state during the recession started by the pandemic. But a new, optimistic economic forecast for the state takes some wind out of those sails.
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Texas Legislature 2021
Recession cuts how much lawmakers can spend with the next state budget, but decrease isn’t as bad as feared
Texas Comptroller Glenn Hegar estimated that lawmakers have $113 billion to spend when they write the next two-year budget.
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Coronavirus in Texas
Analysis: Adding a new tax might be easier than ending an old tax break
It might seem that closing tax loopholes and ending exemptions would be an easy way to balance a state budget during a pandemic. It’s not. In fact, that might be the hardest option available.
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Coronavirus in Texas
Despite staggering pandemic losses, Texas budget forecast better than expected, state comptroller says
Texas Comptroller Glenn Hegar didn’t provide details as he told lawmakers Monday that the financial forecast isn’t as dire as earlier feared. But he said revenues are still down “significantly” compared with last year.
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Coronavirus in Texas
September sales tax revenue in Texas down 6.1% from a year ago
“The COVID-19 pandemic and low price of crude oil continue to weigh on the Texas economy and sales tax revenue,” Comptroller Glenn Hegar said.
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Coronavirus in Texas
Texans spent less going out to eat and drink, but more on home improvement as coronavirus cases peaked this summer
The state collected 5.6% less in sales tax revenue last month than in August 2019. The expiration of some federal relief aid could mean more decreases in coming months.