The Honorable Greg Abbott, Governor
The Honorable Dan Patrick, Lieutenant Governor
The Honorable Dustin Burrows, Speaker of the House
Members of the 89th Legislature
Honorable Ladies and Gentlemen:
As required by Article III, Section 49a, Texas Constitution, our office provides this estimate of revenue available for the 89th Legislature, Second Called Session.
No bills with fiscal implications were passed during the 89th Legislature, First Called Session. Therefore, we are making no adjustment at this time to the estimate of available revenue provided in our July 18 Revenue Estimate Letter.
Based on the recognition of the estimated effects of legislation passed during the 89th Legislature, Regular Session, $3.1 billion is projected to be available for general purpose spending through Aug. 31, 2027.
In view of substantial uncertainty regarding the economic outlook, we make no further adjustment at this time to the estimates of tax and fee revenues as provided in January in the 2026-27 Biennial Revenue Estimate.
Sincerely,
Kelly Hancock
Acting Texas Comptroller of Public Accounts
cc: Jerry McGinty, Legislative Budget Board
January 2025
The Texas Comptroller issues the Biennial Revenue Estimate before every regular legislative session, projecting the revenue that lawmakers have available for state programs and services through the upcoming biennium. The 89th Legislature will have a projected fiscal 2024-25 ending balance of $23.76 billion, in addition to $170.83 billion in total collections of available general revenue-related (GR-R) funds (net of transfers) in the 2026-27 biennium.
Tax | Percent of GR-R |
---|---|
Sales Taxes | 53.4% |
Motor Vehicle Sales and Rental Taxes | 7.1% |
Oil Production Tax | 6.7% |
Franchise Tax | 6.5% |
Insurance Taxes | 5.2% |
Natural Gas Production Tax | 3.0% |
All Other State Taxes | 6.1% |
Other Revenues: Fees, Investments and Other Non-Tax Revenue | 11.9% |
Fund | Plus or Minus | 2024-25 | PROJECTED 2026-27 |
BIENNIUM |
---|---|---|---|---|
GR-R Tax Collections | + | $143.36 | $155.42 | |
Other GR-R Revenue | + | $24.03 | $21.01 | |
Total GR-R Revenue | = | $167.38 | $176.43 | SUB TOTAL |
Beginning Balance | + | $39.43 | $23.76 | |
Total GR-R Revenue & Fund Balances | = | $206.81 | $200.19 | SUB TOTAL |
Reserve for Transfers to the Economic Stabilization and State Highway Funds | − | $10.38 | $11.19 | |
Reduction of Reserve for Transfers of Severance Taxes to the Economic Stabilization Fund | + | $0.31 | $5.60 | |
Total Revenue Available for General-Purpose Spending | = | $196.73 | $194.60 | TOTAL |
Totals may not sum due to rounding.
Enero 2025
El Contralor de Texas emite la Estimación Bienal de Ingresos antes de cada sesión legislativa regular, proyectando los ingresos que los legisladores tienen disponibles para programas y servicios estatales durante el próximo bienio. La Legislatura 89º tendrá un saldo final proyectado para fiscal 2024-25 de $23.76 mil millones, además de $170.83 mil millones en recaudaciones totales de fondos disponibles relacionados con ingresos generales (GR-R) en el bienio 2026-27.
Impuestos | Porcentaje de GR-R |
---|---|
Impuestos de Ventas | 53.4% |
Impuestos Sobre las Ventas y el Alquiler de Vehículos Motorizados | 7.1% |
Impuesto de Producción de Petróleo | 6.7% |
Impuesto de Franquicia | 6.5% |
Impuestos del Seguro | 5.2% |
Impuesto de Producción de Gas Natural | 3.0% |
Todos los Demás Impuestos Estatales | 6.1% |
Otros Ingresos: Comisiones, Inversiones y Otros Ingresos No Tributarios | 11.9% |
fondos | más o menos | 2024-25 | PROYECTADO 2026-27 |
BIENIO |
---|---|---|---|---|
Recaudación de Impuestos GR-R | + | $143.36 | $155.42 | |
Otros Ingresos de GR-R | + | $24.03 | $21.01 | |
INGRESOS TOTALES DE GR-R | = | $167.38 | $176.43 | SUB TOTAL |
Saldo Inicial | + | $39.43 | $23.76 | |
INGRESOS TOTALES DE GR-R Y SALDOS DE FONDOS | = | $206.81 | $200.19 | SUB TOTAL |
Reserva para Transferencias a los Fondos de Estabilización Económica y Carreteras Estatales | − | $10.38 | $11.19 | |
Reducción de la Reserva para Transferencias de Impuestos de Extracción al Fondo de Estabilización Económica | + | $0.31 | $5.60 | |
INGRESOS TOTALES DISPONIBLES PARA GASTOS DE PROPÓSITO GENERAL | = | $196.73 | $194.60 | TOTAL |
Es posible que los totales no sumen debido al redondeo.