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 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.
Before each legislative session, the Texas Comptroller issues the Biennial Revenue Estimate (BRE) to project the amount of money available to spend through the next two-year state budget period. The Comptroller is revising the BRE to react higher-than-expected revenues as the state navigates unprecedented economic uncertainty in the pandemic’s wake
In Billions of Dollars
| General Revenue-Related (GR-R)
|Other GR-R Revenues||+||$15.04||$15.65|
|Total GR-R Revenues||=||$113.83||$122.13||SUB
|Total GR-R Revenue & Fund Balances||=||$118.67||$122.86||SUB
|Revenue Reserved for Transfers to the Economic Stabilization and State Highway Funds||−||$4.80||$6.94|
|Amount Needed for Transfer to the Texas Tomorrow Fund**||−||N/A||$0.27|
|Total Revenue Available for General-Purpose Spending||=||$113.88||$115.65||
The fiscal 2022 estimate transfers 1.26 billion dollars to both the State Highway Fund and the Economic Stabilization fund. The fiscal 2023 estimate transfers 1.67 billion dollars to each fund.
The State Highway Fund (SHF) and Economic Stabilization Fund (ESF) both receive oil and gas severence tax dollars. The SHF also recieves a share of sales tax revenue when annual collections exceed $28 billion.
* The original, constitutionally guaranteed prepaid tuition program is projected to have a cash shortfall of $271 million in the 2022-23 biennium. The BRE assumes the shortfall will be paid from general revenue.
Note: Totals may not sum because of rounding.
Texas Comptroller of Public Accounts