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. The CRE may be updated as warranted by economic circumstances.
|General Revenue-Related (GR-R) Tax Collections||$108.14||$94.12|
|Other GR-R Revenues||$14.99||$14.71|
|Total GR-R Revenues||$123.13||$108.83|
|Beginning Balance (Funds carried forward from 2019)||$4.72||$4.72|
|Change in GR-Dedicated Account Balances from the BRE||$0.39||$0.07|
|Total GR-R Revenue & Fund Balances||$128.24||$113.62||SUBTOTAL|
|Revenue Reserved for Transfers to the Economic Stabilization and State Highway Funds||$6.48||$3.44|
|Total Revenue Available for General-Purpose Spending||$121.76||$110.19||TOTAL|
Note: Totals may not sum because of rounding.
The State Highway Fund (SHF) and Economic Stabilization Fund (ESF) both receive oil and gas severance tax dollars. The SHF also receives a share of sales tax revenue when annual collections exceed $28 billion.
|Month||Percent Change from Previous Year|
Texas Comptroller of Public Accounts