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 Monthly State Revenue Watch Home Comptroller Texas Gov 2020

Texas Direct Deposit 2020-2025 Form

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[music] Well, thank you everybody for coming this morning. Today I’m delivering our estimate of state revenues available to policymakers during the 2016-2017 session. This is one of the many duties of the comptroller’s office and is required under Article 3, Section 49a of the Texas Constitution. Our projections are based on the expectation of moderate expansion in the Texas economy and reflect uncertainties in oil prices and the possibility of a slowing global economy. For general purpose spending in 2016-2017, we estimate the available general revenue-related funds will be $113 billion as detailed on the chart to my far right. Our Texas state government comes into this legislative session with a projected surplus at the end of the 2014-15 biennium of $7.5 billion, as the state’s economy recorded even stronger growth than projected over the last two years. Sales tax revenues have been higher than anticipated, thanks in part to a robust oil and natural gas sector during the last

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