said Dale Craymer, president of Texas Taxpayers and Research Association, a tax-research organization mostly supported by businesses.

Fiscally conservative groups have called on the state legislature to enact a zero growth budget and issue tax cuts to help Texans suffering from inflation after the state comptroller announced the state was expecting a record $188 billion in revenue estimated for 2024-25 biennium and $32.7 billion surplus. Both are a first in state history.

After speculating for months on how much surplus tax revenue the state will have available in the 88th Legislature, Texas’ top accountant finally gave a firm number: $32.7 billion.

For Immediate Release                                                                                     Contact: Kirsten Voinis January 9, 2023             …

Republicans who are likely to remain in control of the Legislature after next month’s election are talking tax cuts. Democrats are questioning that approach, saying shrewd investments in improving infrastructure and workforce training could help the state economy grow even faster.