On Monday the price of U.S. crude oil dropped to below $20 a barrel for the first time since 2002. The oil price plummet is due to the ongoing coronavirus pandemic that’s halted fuel demand and disrupted various sectors of the economy.

Are you tired of rising appraisals driving up your property tax bill? Some chief appraisers around the state are touting a path to “tax relief” for Texans suffering economically from the COVID-19 pandemic: Freeze the value of your property for tax purposes at last year’s lower amount. Bexar and Ellis counties already have adopted resolutions…

Texas voters approved the creation of the rainy day fund in 1988 as an emergency piggy bank to rescue state government in case future leaders faced the sort of oil-and-gas crash that beset the state budget in the 1980s.

An economic cyclone is ripping through Midland and the rest of Texas, the leading oil-producing state in the US. The Covid-19 outbreak has led to government stay-at-home orders that turned busy roads into empty blacktop. The ensuing collapse in fuel demand has halved the value of Texas crude amid an all-out price war between Saudi…

The coronavirus is slamming the U.S. economy, and is likely to hit the Texas economy pretty hard as well. With plunging oil prices and shuttered businesses across the state, the pandemic has threatened two of Texas’ biggest budget sources—oil revenues and sales taxes. State Comptroller Glenn Hegar has already signaled he may revise the budget downward for…