Fiscal Notes

Fiscal Notes: Lawmakers Tackle Long-Term Obligations

Texas Comptroller Glenn Hegar

Since taking office in 2015, Texas Comptroller Glenn Hegar has been calling attention to the growing costs of the state’s long-term financial obligations, while warning that failure to address those obligations could jeopardize the state’s credit rating and overall financial health. During the regular legislative session, Texas lawmakers took important steps to address those concerns. In the just-released September edition of Fiscal Notes, the Comptroller’s office examines recent changes to state employee pension funding. We also provide […]

Fiscal Notes: The Thriving Texas Dairy Industry

Texas ranks fifth nationally in both dairy production and its dairy cow population, and the industry is growing rapidly despite recent challenges such as inclement weather and the COVID-19 pandemic. In the just-released June/July edition of Fiscal Notes, the Comptroller’s office examines the economic impact of Texas dairy farms. They account for a total economic impact of $50.3 billion in Texas, or nearly 3 percent of the gross state product. “Animals have a huge impact on our […]

Fiscal Notes: Public Transit in Texas

Texas Comptroller Glenn Hegar

Texas is served by thousands of public vehicles ranging from buses and “dial-a-ride” cars to light rail systems, all of them operated by 75 public entities throughout the state. Those public transit systems took riders on 274 million trips in fiscal 2019. In the recently released April edition of Fiscal Notes, we examine their operations, their funding and the challenges they face. “Ridership on Texas public transit systems has been declining for several years now, due […]

Fiscal Notes: Chapter 313 Agreements – Trading Tax Limitations for Development

Texas Comptroller Glenn Hegar

In the recently released November edition of Fiscal Notes, the Comptroller’s office examines the 2001 Texas Economic Development Act, created to give Texas a competitive edge in business location decisions and codified as Chapter 313 of the Texas Tax Code. Chapter 313 allows school districts to temporarily limit a property’s appraised value to encourage business investment within their borders. The property owner agrees to create a certain number of permanent, full-time jobs, called “qualifying jobs,” and […]

Fiscal Notes: Uninsured Texans

In the recently released October edition of Fiscal Notes, the Comptroller’s office examines the issue of uninsured Texans, the economic consequences for the state, options available to those who have recently lost their insurance — and various policies that could extend health coverage to more of our most vulnerable citizens. According to recently released U.S. Census data, the share of Texans without health insurance was 18.4 percent in 2019. And the job losses and economic turmoil […]