State Comptroller Glenn Hegar offered a sobering reassessment of the state’s fiscal condition in light of the challenges Texas faces with the COVID pandemic – a net $7.5 billion turn for the worse, with the state’s current budget now $4.6 billion in the red. Overall, he reduced his state revenue projection by $14.7 billion, of…

Texas has a reputation as a low tax state, but the truth is far more complex. Measured in per capita terms Texas is indeed a low tax state— 31st from the top in 2017, or 18% below the national average1—but the statistic is misleading because there is no such thing as a “capita” tax.

A Study of the Financial Contributions of the Permian Basin to the Texas State Treasury Through the Years 2014 to 2019

  The PowerPoint presentation can be downloaded by clicking the red “PowerPoint Presentation” button above. Agenda: 1.Dates of Interest 2.Revenue Update 3.Property Tax 4.Public Education and School Finance 5.Sales Tax 6.Franchise Tax

Comptroller Hegar Interview Offers Glimpse into the Fiscal Future In a morning interview with the Texas Tribune’s Ross Ramsey, Comptroller Hegar addressed a number of issues on the state and local fiscal front. As Comptroller, Hegar is both the state’s tax collector and chief revenue estimator (as well as a number of other responsibilities). The…