Certification Revenue Estimate: A Closer Look (PDF)
The Comptroller issues at least two revenue estimates when the Legislature meets in regular session. The Biennial Revenue Estimate tells lawmakers how much money they can spend on the state budget. The Certification Revenue Estimate (CRE), released after the state budget is final, reflects legislative action and new economic information. The CRE may be updated as warranted by economic circumstances. This estimate updates the CRE issued in November 2021.
Description | Oper ation |
CERTIFICATION REVENUE ESTIMATE November 2021 |
CERTIFICATION REVENUE ESTIMATE July 2022 |
Notes In Billions |
---|---|---|---|---|
General Revenue-Related (GR-R) Tax Collections |
plus $117.20 | plus $134.89 | ||
Other GR-R Revenues | plus $16.17 | plus $17.99 | ||
Total GR-R Revenues | equals $133.37 | equals $152.88 | ||
Beginning Balance (Funds carried forward from previous biennium) |
plus $10.96 | plus $10.96 | ||
Total GR-R Revenue & Fund Balances |
equals $144.33 | equals $163.84 | SUBTOTAL | |
Revenue Reserved for Transfers to the Economic Stabilization and State Highway Funds | minus $9.01 | minus $14.77 | ||
Total Revenue Available for General-Purpose Spending | equals $135.32 | equals $149.07 | TOTAL |
Note: Totals may not sum due to rounding.
State Tax Revenues:
Other Revenue: Fees, Investments and Other Non-Tax Revenue, 11.8%