Texas Comptroller Glenn Hegar today revised the Certification Revenue Estimate (CRE) upward, increasing his November estimate of General Revenue-related (GR-R) funds available for certification by $13.75 billion. In a July 14 letter to state leadership, Hegar said the state will have $149.07 billion in GR-R funds available for general-purpose spending for the 2022-23 biennium, resulting in a projected fiscal 2023 ending balance of $26.95 billion, an increase of $14.95 billion from the November projected balance. […]
