Texas has nearly $24 billion surplus and projected to have ... - CBS …

1 day ago  · AUSTIN — Texas Comptroller Glenn Hegar announced Monday the state will end its current budget with a surplus of $23.8 billion. It's not as high as the record $32.7 billion the state had two ...


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Texas Has Nearly $24 Billion Surplus And Projected To Have ... - CBS …

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1 day ago  · AUSTIN — Texas Comptroller Glenn Hegar announced Monday the state will end its current budget with a surplus of $23.8 billion. It's not as high as the record $32.7 billion the state had two ...

cbsnews.com

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Texas Posts Nearly $24 Billion Surplus, Higher Than Originally …

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18 hours ago  · In Hegar’s newly released Biennial Revenue Estimate (BRE), Texas is projected to have $194.6 billion in revenue available for general-purpose spending during the 2026-2027 …

thecentersquare.com

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Texas Lawmakers Consider Additional Property Tax Relief Amid …

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2 days ago  · Texas has nearly $24 billion surplus & projected to have over $28 billion in rainy day fund ... Jack Fink covers politics for KTVT-TV CBS 11 and has been with the station since …

cbsnews.com

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Texas Posts Nearly $24 Billion Surplus, Higher Than Originally Projected

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12 hours ago  · In Hegar’s newly released Biennial Revenue Estimate (BRE), Texas is projected to have $194.6 billion in revenue available for general-purpose spending during the 2026-2027 biennium, higher than originally projected. In October 2023, Hegar projected Texas would have a surplus of $18.29 billion for its two-year budget cycle.

fairfieldsuntimes.com

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Texas Lawmakers Will Have $24B Surplus This Session, Comptroller Says

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1 day ago  · Texas lawmakers will return to Austin this week with a budget surplus of nearly $24 billion, buoyed by growing tax revenue and a stalled school funding increase, Texas …

houstonchronicle.com

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Texas Enters Budget Cycle With Nearly $24B Surplus

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16 hours ago  · Lawmakers will have a nearly $24 billion surplus that will boost the budget over the next two years. ... — For the second time in a row the Texas Legislature will enter a new …

cw39.com

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The Texas Legislature Is Back. Here’s What We’re Watching.

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22 hours ago  · Comptroller Glenn Hegar estimated Monday that Texas will have nearly $24 billion left in its state coffers when the current two-year budget cycle ends in August. Lawmakers can …

click2houston.com

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Texas Lawmakers Will Have $194.6 Billion Available For The Next …

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1 day ago  · The surplus will be smaller this time, but Texas still is in good financial shape as lawmakers begin work on the 2026-27 budget, Comptroller Glenn Hegar says. ... Texas lawmakers will have $194.6 ...

dallasnews.com

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Where Did Texas' $32.7 Billion Budget Surplus Come From? - KXAN …

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Mar 21, 2023  · In total, lawmakers will have about $188 billion in revenue to spend for the 2024-25 biennium, an increase of 26% from the last go-around. But Hegar has said don’t expect the …

kxan.com

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How Could Texas Spend Its Record $32.7 Billion Surplus? - The …

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Mar 13, 2023  · If the $32.7 billion surplus were distributed equally to every Texas household, every household would get $3,192. According to the U.S. census, Texas has an estimated …

texastribune.org

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Texas Projected To Collect $18 Billion In Surplus Funds

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Oct 6, 2023  · While Texans face economic difficulties, the state is expected to collect more than $18 billion in surplus funds following the 2024-2025 biennium. Comptroller Glenn Hegar …

texasscorecard.com

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Smaller, But Still Hefty, Texas Budget Surplus Projected

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17 hours ago  · The triple-A-rated state is projected to start the fiscal 2026-27 biennium on Sept. 1 with a nearly $23.8 billion cash balance, down 39.7% from a record $39.4 billion at the …

bondbuyer.com

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Texas Set To Enter 89th Legislative Session With Substantial Budget Surplus

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2 days ago  · The state of Texas has a big budget surplus, nearly $24 billion. Some lawmakers want to focus on giving homeowners more property tax relief and others want to spend some of the surplus on the key ...

msn.com

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Texas Surplus Soars To $33B, Prompting Tax Cut And ... - Governing

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Jan 10, 2023  · Counting federal and other funds, Hegar projected the state will have $342.3 billion of available “all funds” revenue in the next two-year cycle — a staggering 27 percent increase from the ...

governing.com

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Will Texas Have A Budget Surplus Next Year? - Texas 2036

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Apr 12, 2024  · Based on the comptroller’s most recent official revenue estimate in October, lawmakers are projected to have approximately $21.3 billion in available revenue at the outset …

texas2036.org

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Texas Lawmakers Will Have $194.6 Billion Available For The Next

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AUSTIN — Texas lawmakers learned Monday they will have an estimated $194.6 billion in tax money available to spend over the next two years – a slight decrease from 2023, even with an …

msn.com

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What Texas' Surplus Could Mean For Residents - Axios Dallas

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Jan 27, 2023  · An unprecedented $32.7 billion surplus is about to make it rain in Texas. Driving the news: State Comptroller Glenn Hegar said the state will also have $188.2 billion in general …

axios.com

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Texas' Record-breaking Surplus Now Nearly $33 Billion - CBS News

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Texas' record-breaking surplus now nearly $33 billion As Texas lawmakers gavel into session today, they will have a record budget surplus: nearly $33 billion. ©2024 CBS Broadcasting Inc.

cbsnews.com

FAQs about Texas has nearly $24 billion surplus and projected to have ... - CBS … Coupon?

Does Texas have a $24 billion surplus?

(The Center Square) – Ahead of the legislative session beginning Tuesday, Texas Comptroller Glenn Hegar announced that Texas has a nearly $24 billion surplus – higher than originally projected. ...

How much revenue will Texas have in 2026?

In Hegar’s newly released Biennial Revenue Estimate (BRE), Texas is projected to have $194.6 billion in revenue available for general-purpose spending during the 2026-2027 biennium, higher than originally projected. In October 2023, Hegar projected Texas would have a surplus of $18.29 billion for its two-year budget cycle. ...

How much will lawmakers spend on a budget surplus?

Lawmakers will have a nearly $24 billion surplus that will boost the budget over the next two years. Here's how some lawmakers plan to spend it. ...

What is Texas' biggest revenue source?

Texas’ largest revenue source, 61%, is from sales taxes. In 2026-2027, sales tax revenue is projected to reach $94.2 billion. Other revenue projections come from $12.5 billion in motor vehicle-related taxes; $15.7 billion in franchise taxes; $11.8 billion in oil production taxes and $5.4 billion in natural gas taxes. ...

How much money will the state spend in 2027?

That's separate from what's called the state's rainy-day fund, which is projected to have $28.5 billion by the end of the next two-year budget in August 2027. In all, lawmakers will have nearly $195 billion dollars in state revenues to spend in the next two-year budget. ...

How much did Texas oil and natural gas pay in 2024?

This is after in 2024, the Texas oil and natural gas industry paid a record $27.3 billion in taxes and royalties, more than the revenues of 34 states, The Center Square reported. There are no projected reserves to be transferred to the Economic Stabilization Fund (Rainy Day Fund) in the 2026-2027 biennium because its balance also hit a record. ...

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