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Certification Revenue Estimate 2018-19, Revised July 2018 Table 1: General Revenue-Related Funds By Source and Biennium
| Source | 2016-17 | 2018-19 | Percent Change |
|---|---|---|---|
| Tax Collections | |||
| Sales Taxes* | $56,933 | $60,258 | 5.8% |
| Motor Vehicle Sales and Rental Taxes | $9,072 | $9,860 | 8.7% |
| Motor Fuel Taxes | $1,887 | $1,997 | 5.9% |
| Franchise Tax | $5,577 | $5,825 | 4.5% |
| Oil Production Tax | $3,812 | $7,313 | 91.9% |
| Insurance Taxes | $4,601 | $5,147 | 11.9% |
| Cigarette and Tobacco Taxes | $1,187 | $1,169 | (1.5%) |
| Natural Gas Production Tax | $1,562 | $2,857 | 82.9% |
| Alcoholic Beverage Taxes | $2,400 | $2,624 | 9.3% |
| Hotel Occupancy Tax | $1,052 | $1,184 | 12.6% |
| Utility Taxes | $874 | $916 | 4.8% |
| Other Taxes | $178 | $447 | 151.3% |
| Total Tax Collections | $89,133 | $99,597 | 11.7% |
| Non-Tax Collections | |||
| Licenses, Fees, Fines, and Penalties | $2,882 | $2,716 | (5.7%) |
| State Health Service Fees and Rebates | $2,652 | $2,843 | 7.2% |
| Net Lottery Proceeds | $2,505 | $2,783 | 11.1% |
| Land Income | $29 | $28 | (3.4%) |
| Interest and Investment Income | $2,169 | $2,740 | $26.4% |
| Settlement of Claims | $1,099 | $956 | (13.0%) |
| Escheated Estates | $1,527 | $1,265 | (17.1%) |
| Sales of Goods and Services | $246 | $246 | 0.2% |
| Other Revenue | $827 | $803 | (2.8%) |
| Total Non-Tax Collections | $13,935 | $14,382 | 3.2% |
| Total Net Revenue | $103,068 | $113,979 | 10.6% |
| Balances and Adjustments | |||
| Beginning Fund 1 Balance | $8,149 | $618 | |
| Beginning Funds 2 and 3 Balances | $192 | $266 | |
| Change in GR-Dedicated Account Balances | ($526) | $1,237 | |
| Stabilization and State Highway Funds | ($2,348) | ($5,930) | |
| Total Balances and Adjustments | $5,468 | ($3,809) | |
| Total General Revenue-Related Funds Available for Certification | $108,536 | $110,169 | 1.5% |
*Proposition 7, approved by voters in November 2015, amended the Texas Constitution to dedicate, beginning in fiscal 2018, up to $2.5 billion in annual sales tax revenues to the State Highway Fund (SHF), thereby reducing the estimated amount of sales tax in the General Revenue Fund in the 2018-19 biennium. In fiscal 2019, $2.25 billion is forecast to be transferred in August, after the $28 billion threshold is reached in July, bringing total transfers of sales tax revenue to the SHF in 2018-2019 to $4.75 billion, with the remaining $250 million to be transferred in September 2019, the first month of fiscal 2020.
Note: Totals may not sum because of rounding.
Source: Glenn Hegar, Texas Comptroller of Public Accounts.