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Glenn Hegar
Texas Comptroller of Public Accounts
Glenn Hegar
Texas Comptroller of Public Accounts
Glenn Hegar
Texas Comptroller of Public Accounts

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Certification Revenue Estimate: A Closer Look (PDF)

Certification Revenue Estimate A CLOSER LOOK

Prior to the legislative session, the Comptroller issues a Biennial Revenue Estimate (BRE) to tell lawmakers how much they can spend over the next two years. After the legislative session, the Comptroller issues a Certification Revenue Estimate (CRE) to reflect legislative activity and the most current economic information, as well as to take into account final revenue numbers for the recently ended fiscal year.

Revenue Available for General Purpose Spending in the 2018-19 Biennium (In Billions of Dollars)

Revenue Biennial Revenue Estimate
January 2017
Certification Revenue Estimate
October 2017
General Revenue-Related (GR-R) Revenues from Sales Taxes (Before allocation to State Highway Fund) $61.97 $62.31
Sales Taxes Allocated to State Highway Fund minus$4.71 minus$3.23*

* Legislative action during the 85th Regular Session deferred one transfer payment into the 2020-21 biennium.

* Legislative action during the 85th Regular Session deferred one transfer payment into the 2020-21 biennium.

Net GR-R Revenues from
Sales Taxes
equals$57.26 equals$59.08
Other GR-R Revenues plus$49.21 plus$49.52
Total GR-R Revenues equals$106.47 equals$108.6 SUBTOTAL
Beginning Balance (Funds carried forward from 2017) plus$1.53 plus$0.88
Change in GR-Dedicated Account Balances from the BRE plusN/A plus$1.22
Total GR-R Revenue &Fund Balances equals$108.00 equals$110.70 SUBTOTAL
Revenue Reserved for Transfers to the Economic Stabilization and State Highway Funds minus$3.13 minus$3.37
Total Revenue Available for General-Purpose Spending equals$104.87 equals$107.33 TOTAL

Severance tax transfers to the Rainy Day Fund and the State Highway Fund

In fiscal 2018, $734 million will be transferred to both the Economic Stabilization Fund (ESF) and the State Highway Fund (SHF). In fiscal 2019, the two funds will receive $777 million.

In addition to sales tax related transfers to the highway fund, in each biennium, amounts previously reserved are transfered to the state’s Economic Stabilization Fund (ESF), also known as the “Rainy Day Fund,” and the State Highway Fund (SHF).

Projected General Revenue-Related Revenues


Revenue SourcePercent of Total
Motor Vehicle Sales and
Rental Taxes
9.1%
Oil Production Tax4.6%
Francise Tax5.3%
Motor Fuel Taxes1.8%
Natural Gas Production Tax1.7%
All Other State Taxes10.4%
Sales Taxes54.4%
Fees, Investments and
Other Non-Tax Revenue
12.7%

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A Closer Look