Texas comptroller releases biennial revenue estimate

AUSTIN – Texas Comptroller Glenn Hegar released the Biennial Revenue Estimate this week, showing the state is projected to have approximately $119.1 billion in revenue available for general-purpose spending during the 2020-21 biennium.

The revenue estimate represents an 8.1 percent increase from the amounts available for the 2018-19 biennium. Hegar warned, however, that substantial supplemental appropriations could affect revenue available for the 2020-21 biennium.

“Despite this projected revenue growth, the Legislature will again face some difficult choices in balancing the budget,” Hegar said. “The most pressing and costly budget drivers for the upcoming session include a potentially large boost in education spending to reduce the property tax burden and reform school finance.”

 

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