(AUSTIN) — Texas Comptroller Glenn Hegar announced today the release of the Certification Revenue Estimate (CRE) for the fiscal 2018-19 biennium.
Before each regular legislative session, the Comptroller’s office issues a Biennial Revenue Estimate (BRE) that estimates how much revenue will be available for spending in the state’s next two-year budget cycle. After the session, the agency releases the CRE to provide the detailed basis by which the Comptroller certified the budget, to revise estimates in the BRE to reflect legislative activity and current economic information and to take into account final revenue numbers for the recently ended fiscal year.“The diversity of the Texas economy, coupled with conservative fiscal management and strengthening in the oil and gas sector, allowed the state economy to return to its normal pattern of growth, which exceeds that of the national economy,” Hegar said.
“Factoring in recent legislative activity, this CRE presents slightly higher revenue forecasts for the 2018-19 biennium than those we released in January.”
— Comptroller Glenn Hegar
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.