Glenn Hegar

Texas Comptroller Visits Dow for Good for Texas Tour: Supply Chains Edition

Texas Comptroller Glenn Hegar

On the southeast Texas stop of his Good for Texas Tour: Supply Chains Edition, Texas Comptroller Glenn Hegar today toured Dow, one of the state’s leading chemical manufacturers. Its products are used in a variety of end-use products such as office supplies, pharmaceuticals, cleaning supplies and food. “To mitigate chemical manufacturing supply chain unpredictability, industry leaders like Dow are examining ways to use advanced data analytics and other technology to improve agility and efficiency,” Hegar said. “Some of […]

Texas Comptroller Glenn Hegar Announces Key Changes to Executive Leadership Team

Texas Comptroller Glenn Hegar

Texas Comptroller Glenn Hegar announced today several key changes to his executive leadership team. Effective Nov. 1, Tom Currah will assume the role of Associate Deputy Comptroller (ADC) for Fiscal Matters, Korry Castillo will take over as ADC for Agency Operations and Phillip Ashley, who currently serves as ADC for Fiscal Matters, will shift focus to become ADC for Tax. The changes come as long-serving ADCs Karey Barton and Robert Wood plan to leave the Comptroller’s […]

Texas Comptroller Glenn Hegar Continues Good for Texas Tour: Supply Chains Edition

Texas Comptroller Glenn Hegar

Texas Comptroller Glenn Hegar is highlighting the impact of supply chains on the Texas economy as he restarts his Good for Texas Tour. This week, Hegar is touting the automotive and semiconductor supply chain industries with visits to General Motors (GM) and Texas Instruments (TI). “Global supply chains — the networks between a company and its suppliers that produce and distribute products to the final consumers — have been designed to lower both consumer and production costs,” Hegar said. “There are risks […]

Comptroller Glenn Hegar Distributes $907 Million in Monthly Sales Tax Revenue to Local Governments

Texas Comptroller Glenn Hegar

Texas Comptroller Glenn Hegar announced today he will send cities, counties, transit systems and special purpose taxing districts $906.6 million in local sales tax allocations for October, 20.6 percent more than in October 2020. These allocations are based on sales made in August by businesses that report tax monthly. LOCAL SALES TAX ALLOCATIONS (Oct. 2021) Recipient Oct. 2021 Allocations Change from Oct. 2020 Year-to-date Change Cities     $584.0M ↑20.1% ↑13.9% Transit Systems $193.2M ↑21.6% ↑12.4% Counties […]

State Sales Tax Revenue Totaled $3.1 Billion in September

Texas Comptroller Glenn Hegar

Texas Comptroller Glenn Hegar today said state sales tax revenue totaled $3.15 billion in September, 22.3 percent more than in September 2020. The majority of September sales tax revenue is based on sales made in August and remitted to the agency in September. Year-over-year increases for most tax revenues continue to be affected by base effects: Year-ago revenue collections to which this year’s collections are compared were suppressed by the pandemic. Compared to September 2019, sales […]

Texas Comptroller’s Office Announces Changes to the Texas ABLE Program

Texas Comptroller Glenn Hegar

Comptroller Glenn Hegar announced today enhancements to the Texas Achieving a Better Life Experience (Texas ABLE®) Program. Effective Oct. 1, the account maintenance fee is being reduced from $4 per month to $3.50 per month for existing and new participants, and the program will add a Conservative Allocation Option to its current investment lineup. Texas ABLE offers program participants five investment options designed to meet different savings goals. Four are Managed Allocation Options — Aggressive, Moderate, Moderately Conservative […]

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 […]

Texas Comptroller Glenn Hegar: Ben & Jerry’s and its Parent Company Added to Texas List of Companies That Boycott Israel

Texas Comptroller Glenn Hegar

Texas Comptroller Glenn Hegar announced, effective today, the Comptroller’s office has added Ben & Jerry’s and its parent company, Unilever, to the Texas list of companies that boycott Israel. This action was undertaken pursuant to Texas Government Code Chapter 808, which defines “boycott Israel” as “refusing to deal with, terminating business activities with, or otherwise taking any action that is intended to penalize, inflict economic harm on or limit commercial relations specifically with Israel or […]

Enrollment is Open for Texas Tuition Promise Fund® 

Texas Comptroller Glenn Hegar

Texas Comptroller Glenn Hegar reminds families that enrollment in the Texas Tuition Promise Fund®, the state’s prepaid college tuition program, began Sept. 1 and runs through Feb. 28, 2022. The Texas Tuition Promise Fund offers parents and loved ones the chance to prepay a child’s future higher education at Texas public colleges and universities at today’s prices, excluding medical and dental institutions. “This is the perfect time to think about a Texas Tuition Promise Fund […]

Texas Comptroller Glenn Hegar Announces Revenue for Fiscal 2021, August State Sales Tax Collections

Texas Comptroller Glenn Hegar

Texas Comptroller Glenn Hegar today released totals for fiscal 2021 state revenues, in addition to announcing monthly state revenues for August. General Revenue-related revenue for fiscal 2021 totaled $60.5 billion, up 6.2 percent from fiscal 2020. All Funds tax collections were $61.47 billion, up 7.1 percent from fiscal 2020. Sales tax revenue was $36 billion, up 5.6 percent from fiscal 2020. Motor vehicle sales and rental tax revenue was $5.73 billion, up 19.0 percent from […]