(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 »
Download the 2020-2021 Biennial Revenue Estimate (PDF)
May 2019 Update to the Biennial Revenue Estimate (PDF)
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.
The Texas Comptroller provides the Biennial Revenue Estimate (BRE) at the beginning of every regular legislative session. The estimate outlines how much state revenue is available for lawmakers to spend on programs for Texans through the 2020-21 biennium.
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.
|Revenue Source||Percent of Total|
|Motor Vehicle Sales and Rental Taxes||8.1%|
|Oil Production Tax||6.1%|
|Natural Gas Production Tax||2.7%|
|Motor Fuel Taxes||1.7%|
|All Other State Taxes||10.2%|
Average Annual Change: 5.05%