Comptroller Releases 2020-2021 Estimate Of State Revenue

CAPITAL Highlights

AUSTIN — State budget writers likely will have more funds to meet the needs of Texas in the near term, based on information released Oct. 10 by the comptroller’s office.

Texas Comptroller Glenn Hegar said revenue available for general spending in 2020-21 is expected to total about $121.76 billion, up 9.6 percent from the 2018-19 biennium. This revenue would support the $118.86 billion in general-purpose spending called for by the 86th Texas Legislature and would result in a final balance available for certification of $2.89 billion.

Before each regular legislative session, the comptroller issues a biennial revenue estimate that forecasts how much money will be available for spending in the state’s next two-year budget cycle. After the session, the comptroller releases the certification revenue estimate providing the detailed basis by which the comptroller certified the budget. The certification estimate revises the biennial revenue estimate to reflect legislative activity and current economic information and takes into account final revenue numbers for the recently ended fiscal year.

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