What does the Texas Comptroller do?

Texas' chief financial officer oversees the $150+ billion-a-year enterprise of Texas state government.

Accountant

• Monitors state agency appropriations.
• Audits state purchases, travel and payroll expenditures.
• Publishes the state’s annual financial reports.
• Develops accounting and reporting procedures for state agencies.
• Manages 10 statewide financial and payroll/personnel systems.

Tax Collector

• Collects 100 taxes, fees and assessments.
• Collects local sales taxes on behalf of more than 1,200 municipal governments.
• Issues tax permits, licenses and cigarette stamps.
• Audits taxpayers.
• Provides tax information.
• Monitors and reports state revenue collections.

Treasurer

• Executes all banking transactions for the state and reconciles state bank accounts.
• Processes all incoming deposits and returns and executes disbursements.
• Transfers funds to ensure timely investment of the Texas Treasury Pool by the Texas Treasury Safekeeping Trust Company.
• Oversees the collateralization of all state funds.
• Monitors state cash fows and manages state credit rating agency relationships and compliance.
• Allocates earned interest to state agency funds.

Revenue Estimator

• Estimates funds available for state spending.
• Certifies that the state’s two-year budget falls within estimated revenues.
• Monitors and analyzes the state’s fiscal condition by producing short- and long-term forecasts of various economic indicators.
• Provides monthly reports on revenue and economic performance.
• Estimates financial impacts of proposed legislation and agency’s rules.
• Prepares statutorily required reports and calculations.

Purchaser

• Manages statewide contracts available to more than 200 state agencies and universities and more than 1,800 local governments.
• Provides training and certification for more than 7,000 purchasers and contract managers at other state agencies and local entities.
• Maintains the Centralized Master Bidders List state agencies use to solicit bids for goods and services.

• Administers the Texas Historically Underutilized Businesses (HUB) Program, encouraging minority-, woman- and service-disabled veteran-owned businesses to seek state contracts.
• Manages state employee credit card program.
• Contracts for airfare, hotels and rental cars associated with state travel.
• Administers the state mail contract.
• Oversees the state vehicle reporting system.

And Much More…

• Manages Texas education savings accounts, the state’s new school choice program.
• Directs the Texas Broadband Development Office to promote economic growth by enabling fast, reliable and affordable broadband connectivity for all Texas residents and businesses.
• Oversees the Texas Bullion Depository, storing precious metals.
• Prepares the annual Property Value Study used to certify taxable values in Texas school districts.
• Manages the State Energy Conservation Office, which provides grants and expertise for energy-efficiency projects at state agencies and local governments.
• Administers the state’s unclaimed property program, which returns abandoned cash andm other property to its rightful owners.
• Supervises the state’s college savings programs.
• Manages IRC Sec. 529A savings plan for individuals with disabilities.
• Leads state government and local government transparency efforts.
• Administers funds collected from legal settlements to support the goals of the Texas Opioid Abatement Fund Council.

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