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Certification Revenue Estimate 2018-19Table 1: General Revenue-Related Funds By Source and Biennium
| Source | 2016-17 | 2018-19 | Percent Change |
|---|---|---|---|
| Tax Collections | |||
| Sales Taxes* | $56,933 | $59,080 | 3.8% |
| Motor Vehicle Sales and Rental Taxes | $9,072 | $9,847 | 8.6% |
| Motor Fuel Taxes | $1,887 | $1,967 | 4.2% |
| Franchise Tax | $5,577 | $5,801 | 4.0% |
| Oil Production Tax | $3,812 | $4,945 | 29.7% |
| Insurance Taxes | $4,601 | $5,278 | 14.7% |
| Cigarette and Tobacco Taxes | $1,187 | $1,197 | 0.8% |
| Natural Gas Production Tax | $1,562 | $1,818 | 16.4% |
| Alcoholic Beverage Taxes | $2,400 | $2,613 | 8.9% |
| Hotel Occupancy Tax | $1,052 | $1,093 | 3.9% |
| Utility Taxes | $874 | $895 | 2.4% |
| Other Taxes | $178 | $230 | 29.5% |
| Total Tax Collections | $89,133 | $94,764 | 6.3% |
| Non-Tax Collections | |||
| Licenses, Fees, Fines, and Penalties | $2,882 | $2,641 | −8.3% |
| State Health Service Fees and Rebates | $2,652 | $2,540 | −4.3% |
| Net Lottery Proceeds | $2,505 | $2,473 | −1.3% |
| Land Income | $29 | $28 | −3.4% |
| Interest and Investment Income | $2,169 | $2,777 | 28.0% |
| Settlement of Claims | $1,099 | $995 | −9.4% |
| Escheated Estates | $1,527 | $1,389 | −9.1% |
| Sales of Goods and Services | $246 | $246 | 0.2% |
| Other Revenue | $827 | $746 | −9.8% |
| Total Non-Tax Collections | $13,935 | $13,834 | −0.7% |
| Total Net Revenue | $103,068 | $108,598 | 5.4% |
| 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) | $1,221 | |
| Stabilization and State Highway Funds | ($2,348) | ($3,375) | |
| Total Balances and Adjustments | $5,468 | ($1,270) | |
| Total General Revenue-Related Funds Available for Certification | $108,536 | $107,328 | −1.1% |
*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.
For 2018, the amount dedicated for the SHF is estimated at $2.31 billion; as the $28 billion threshold is not forecast to be reached until after August 1, 2018, the amount due to the SHF for that year will be transferred in September 2018, the first month of fiscal 2019.
Another $920 million is forecast to be transferred in August 2019, after the $28 billion threshold for fiscal 2019 is reached in July 2019, bringing total transfers of sales tax revenue to the SHF in fiscal 2019 to $3.23 billion.
Note: Totals may not sum because of rounding.
Source: Glenn Hegar, Texas Comptroller of Public Accounts.