Glenn Hegar
Texas Comptroller of Public Accounts
Glenn Hegar
Texas Comptroller of Public Accounts
Skip navigation
Glenn Hegar
Texas Comptroller of Public Accounts
Skip navigation
Top navigation skipped.

about Media Center

88th Legislature, Biennial Revenue Estimate
January 9, 2023


Texas Comptroller Glenn Hegar Releases 2024-25 Certification Revenue Estimate

(AUSTIN) — Texas Comptroller Glenn Hegar released the Biennial Revenue Estimate (BRE) today, showing the state is projected to have a record $188.2 billion in revenue available for general-purpose spending during the 2024-25 biennium, a 26.3 percent increase from the 2022-23 biennium.



Media Resources



Texas Economic Spotlight

There’s more than meets the eye when it comes to the state’s budget. Fiscal Notes, the agency’s flagship publication, provides an informative review of trends and events affecting Texas government and the state economy. We invite you to take a deep dive into Fiscal Notes articles that examine the growing financial demands and forces that drive Texas’ budget.


The Making of the Biennial Revenue Estimate

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.



Biennial Revenue Estimate

January 2023

The Texas Comptroller issues the Biennial Revenue Estimate before every regular legislative session, projecting the amount that lawmakers have available for state programs and services through the upcoming biennium. The 88th Legislature will have a projected 2022-23 ending balance of $32.69 billion, in addition to $155.54 billion in total collections of available general revenue-related (GR-R) funds in 2024-25.

Revenue Available for General Purpose Spending (Projected)

In Billions of Dollars

Revenue Available for General Purpose Spending
Fund Operator 2022-23
2024-25
General Revenue-Related (GR-R)
Tax Collections
+ $137.87 $148.17
Other GR-R Revenue + $19.12 $17.72
Total GR-R Revenue = $156.98 $165.9 SUB
TOTAL
Beginning Balance + $11.68 $32.69
Total GR-R Revenue & Fund Balances = $168.66 $198.58 SUB
TOTAL
Reserve for Transfer of Unencumbered and Unobligated General Revenue Fund Balance to the Economic Stabilization Fund $5.71 $0
Reserve for Transfer to the
Texas Tomorrow Fund
$0 $0.15
Reserve for Transfer of Severance Taxes
to the State Highway Fund
$6.96 $7.34
Reserve for Transfer of Severance Taxes
to the Economic Stabilization Fund
$6.96 $2.86
Total Revenue Available for General-Purpose Spending = $149.04 $188.23
TOTAL

Note: The amount reserved for transfer of severance taxes to the ESF is reduced by $0.69 billion in fiscal 2024 and by another $3.79 billion in fiscal 2025 because the ESF will have reached its constitutional cap.

State Revenue,
General Revenue-Related

Share of Projected General Revenue-Related Revenue by Source
Tax Percent of GRR
Sales Taxes 53.0%
Motor Vehicle Sales and Rental Taxes 7.7%
Franchise Tax 5.3%
Oil Production Tax 8.0%
Natural Gas Production Tax 5.2%
Motor Fuel Taxes 1.3%
All other State Taxes 8.9%
Fees, Investments and Other non-Tax Revenue 10.7%

Totals may not sum due to rounding.