Contents tagged with 88th texas legislature

  • Texas comptroller increases state revenue projection in advance of 88th Texas Legislature

    Tags: legislature, 88th texas legislature, budget

    By Jonathan Nelson

    As Texas lawmakers prepare for the 88th Texas Legislature scheduled to begin January 10, 2023, they will have an estimated $27 billion in extra revenue to spend, according to a letter to state leadership last week from Comptroller Glenn Hegar. On top of that, the state’s “rainy day fund” will have swollen to $13.6 billion when the Legislature convenes, an increase of $3.5 billion since the comptroller’s last report. Inflation on consumer goods and high prices for oil and gas have led to unprecedented revenues from sales taxes for the state.

    The July 14 letter detailed a revision to the comptroller’s Certification Revenue Estimate, which is presented to the Legislature in advance of each regular legislative session.

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