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…

The merciless carnage ravaged on the economy by the efforts to stymie the spread of the new coronavirus and a parallel crash in oil prices promise to choke revenue streams for Texas cities and the state government.

As oil prices slump amid the coronavirus pandemic, industry advocates are seeking to assure the public that production in Texas should continue without disruption.

When Major League Baseball postponed the opening of its season, teams also closed their spring training camps. That’s a $25 million hit to the Arizona economy, where many clubs train, local experts say. Meantime, every NBA game that the Chicago Bulls don’t play because the league has suspended its season will cost the Windy City…

“Behind all this is the economic impact of the CoronaVirus, which is still uncertain. We can’t look at the impact of a drop in oil and gas prices on Texas in a vacuum, but the consequences for Texas of the drop in prices will depend on two questions: 1.) How low, and 2.) How long,” says the Texas Taxpayers…