At the beginning of each regular session of the Texas Legislature, the Texas Constitution requires the Comptroller of Public Accounts to submit a statement showing the state’s financial condition and estimating the revenue it can expect to receive during the next two-year budget period.
This Biennial Revenue Estimate (BRE) forms the basis of each successive state budget. Legislators must ensure that total appropriations do not exceed the amount predicted to be available in the BRE.
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%