economy Fiscal Notes

A Message from the Comptroller

In the last issue of Fiscal Notes, we took a look at the decline of entrepreneurialism in Texas and the U.S. The plain fact is, new businesses just aren't being created at the same rates as in the past, and that's a trend with potentially serious consequences for our economy.

In this issue, we continue to examine this topic, with a focus on the Texas environment for would-be entrepreneurs. Our state has significant strengths — and some weaknesses too. We'll tell you about the help and hurdles Texans can expect when they take their first steps into the arena of business ownership.

We're also offering another in our series of in-depth examinations of Texas' major taxes, in this case those on gasoline, diesel and other motor fuels.

All 50 states and the federal government levy various taxes and fees on motor fuels, and ours are the lowest among America's largest states. They're a vital source of funding for road and bridge projects as well as public education, but there are signs they're not keeping pace with the transportation demands of a vast and fast-growing state.

As always, I hope you enjoy this issue!

Glenn Hegar
Texas Comptroller of Public Accounts