Skip navigation
Glenn Hegar
Texas Comptroller of Public Accounts
Glenn Hegar
Texas Comptroller of Public Accounts
Glenn Hegar
Texas Comptroller of Public Accounts

aboutMedia Center

Read the Certification Revenue Estimate July 2018 Update »


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. Afterward, the Comptroller issues periodic Certification Revenue Estimates (CREs) as needed to reflect legislative activity and the most current economic information. The CRE was released in October 2017 and revised in July 2018.

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

Revenue CRE
October 2017
CRE
July
2018
General Revenue-Related (GR-R) Revenues from Sales Taxes (Before allocation to State Highway Fund) $62.31billion dollars $65.01billion dollars
Sales Taxes Allocated to State Highway Fund minus$3.23billion dollars minus$4.75*billion dollars

* Legislative action during the 85th Regular Session deferred one month's transfer payment into the 2020-21 biennium.  Now estimated at $250 million.

* Legislative action during the 85th Regular Session deferred one month's transfer payment into the 2020-21 biennium.  Now estimated at $250 million.

Net GR-R Revenues from
Sales Taxes
equals$59.08billion dollars equals$60.26billion dollars
Other GR-R Revenues plus$49.52billion dollars plus$53.72billion dollars
Total GR-R Revenues equals$108.60billion dollars equals$113.98billion dollars SUBTOTAL
Beginning Balance (Funds carried forward from 2017) plus$0.88billion dollars plus$0.88billion dollars
Change in GR-Dedicated Account Balances from the BRE plus$1.22billion dollars plus$1.24billion dollars
Total GR-R Revenue &Fund Balances equals$110.70billion dollars equals$116.10billion dollars SUBTOTAL
Revenue Reserved for Transfers to the Economic Stabilization and State Highway Funds minus$3.37billion dollars minus$5.93billion dollars
Total Revenue Available for General-Purpose Spending equals$107.33billion dollars equals$110.17billion dollars TOTAL

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

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).

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 each receive $1.37 billion.

Projected General Revenue-Related Revenues


Revenue SourcePercent of Total
Motor Vehicle Sales and
Rental Taxes
8.7%
Oil Production Tax 6.4%
Francise Tax 5.1%
Motor Fuel Taxes1.8%
Natural Gas Production Tax 2.5%
All Other State Taxes 10.1%
Sales Taxes 52.9%
Fees, Investments and
Other Non-Tax Revenue
12.6%


Printable Version A Closer Look: Certification Revenue Estimate – July 2018 Update (PDF)

HB855 Browser Statement

In 2015, the Texas Legislature passed House Bill 855, which requires state agencies to publish a list of the three most commonly used Web browsers on their websites. The Texas Comptroller’s most commonly used Web browsers are Google Chrome, Microsoft Internet Explorer and Apple Safari.

We support: