(AUSTIN) — Texas Comptroller Glenn Hegar released the Biennial Revenue Estimate (BRE) today, showing the state is projected to have approximately $119.1 billion in revenue available for general-purpose spending during the 2020-21 biennium.
The revenue estimate represents an 8.1 percent increase from the amounts available for the 2018-19 biennium. Hegar warned, however, that substantial supplemental appropriations could affect revenue available for the 2020-21 biennium. Read more »
Months of intense work go into the making of the BRE. It’s one of our constitutional responsibilities, and it’s an essential part of Texas’ budget process.
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.
In Billions of Dollars
|General Revenue-Related (GR-R) Tax Collections||$99.27||$107.32|
|Other GR-R Revenues||plus$14.55||plus$14.16|
|Total GR-R Revenues||equals$113.82||equals$121.48||SUBTOTAL|
|Total GR-R Revenue & Fund Balances||equals$115.77||equals$125.67||SUBTOTAL|
|Revenue Reserved for Transfers to the Economic Stabilization and State Highway Funds||minus$5.57||minus$6.34|
|Amount Needed for Texas Tomorrow Fund*||minus$0.00||minus$0.21|
|Total Revenue Available for General-Purpose Spending||equals$110.20||equals$119.12||TOTAL|
* The original, constitutionally guaranteed prepaid tuition program is projected to have a cash shortfall of $211 million in the 2020-21 biennium. The BRE assumes the shortfall will be paid from general revenue.
Average Annual Change: 5.05%