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10 169 Amended Producer Rerport of Natural Gas Tax  Window Texas  Form

10 169 Amended Producer Rerport of Natural Gas Tax Window Texas Form

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[Music] As required every two years by our Texas Constitution today, I'm delivering the 2024-25 Biennial Revenue Estimate, or BRE, for the 88th Legislature to use in writing the state budget. What a two years it has been. The disruption of the pandemic gave way to vigorous economic growth that kept our state in a national leadership role, helped drive record revenue collections, and provided an astonishing projected cash balance and left us poised to fill Texas' rainy day fund to the brim for the first time since that fund was created 34 years ago. Many positive forces have played a role in creating this growth, including our business-friendly policies, conservative budgeting practices and ambitious Texans whose vision and hard work benefit our state. Some events, such as spikes in energy prices, are positive for parts of our economy and unwelcome to others. Unfortunately, our record revenues are partly due to the highest rate of general price inflation in 40 years. Bes

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