Comptroller Raises Revenue Estimate by More than $2.8 Billion

Comptroller Raises Revenue Estimate by More than $2.8 Billion

(AUSTIN) — Texas Comptroller Glenn Hegar today revised the Certification Revenue Estimate (CRE), announcing better than expected revenue growth in fiscal 2018 and an improved economic outlook for fiscal 2019. In a July 11 letter to state leadership, Hegar said the state will have $110.17 billion in General Revenue-Related (GR-R) funds available for general purpose spending for the 2018-19 biennium, resulting in a projected fiscal 2019 ending balance of $2.67 billion, an increase from the $94 […]