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State Revenue,
January 2025
Biennial Revenue Estimate
The Texas Comptroller issues the Biennial Revenue Estimate before every regular legislative session, projecting the revenue that lawmakers have available for state programs and services through the upcoming biennium. The 89th Legislature will have a projected fiscal 2024-25 ending balance of $23.76 billion, in addition to $170.83 billion in total collections of available general revenue-related (GR-R) funds (net of transfers) in the 2026-27 biennium.
State Revenue,
General Revenue-Related
View revenue by source data.
| Tax | Percent of GR-R |
|---|---|
| Sales Taxes | 53.4% |
| Motor Vehicle Sales and Rental Taxes | 7.1% |
| Oil Production Tax | 6.7% |
| Franchise Tax | 6.5% |
| Insurance Taxes | 5.2% |
| Natural Gas Production Tax | 3.0% |
| All Other State Taxes | 6.1% |
| Other Revenues: Fees, Investments and Other Non-Tax Revenue | 11.9% |
Revenue Available for General Purpose Spending In Billions of Dollars
| Fund | Plus or Minus | 2024-25 | PROJECTED 2026-27 |
BIENNIUM |
|---|---|---|---|---|
| GR-R Tax Collections | + | $143.36 | $155.42 | |
| Other GR-R Revenue | + | $24.03 | $21.01 | |
| Total GR-R Revenue | = | $167.38 | $176.43 | SUB TOTAL |
| Beginning Balance | + | $39.43 | $23.76 | |
| Total GR-R Revenue & Fund Balances | = | $206.81 | $200.19 | SUB TOTAL |
| Reserve for Transfers to the Economic Stabilization and State Highway Funds | − | $10.38 | $11.19 | |
| Reduction of Reserve for Transfers of Severance Taxes to the Economic Stabilization Fund | + | $0.31 | $5.60 | |
| Total Revenue Available for General-Purpose Spending | = | $196.73 | $194.60 | TOTAL |
Totals may not sum due to rounding.