economy Fiscal Notes

November 2015

A Message from the Comptroller

How Texas Taxes 'Sin' Levies Play Dual Role

by Lisa Minton

Texas collects most of its tax revenue on retail sales and various forms of business activity. Some taxes, however, commonly called "sin taxes," are levied on the sale of alcohol and tobacco products as well as activities related to gambling.


Setting Aside' Money for College How Texas Funds Student Aid

by Maria Garnett

The spiraling cost of a college education — and the debt accompanying it — is on Americans' minds now more than ever. Students and their families have seen their tuition bills skyrocket, threatening the dream of college for many.


Microfinance Makes Big Impact Small Loans Help Business Grow

by Jackie Benton

Texas' primary tax on business, the franchise tax, is an important revenue source for state government — and often a controversial one, given the Legislature's consistent focus on maintaining Texas' business-friendly reputation.


November 2015 Fiscal Notes (PDF)