Glenn Hegar

Comptroller Glenn Hegar Releases Texas Broadband Development Map Identifying Areas Eligible for Funding

Texas Comptroller Glenn Hegar

Texas Comptroller Glenn Hegar announced today the release of the Texas Broadband Development Map, which uses data collected from internet service providers (ISPs) to show the availability of various types of high-speed internet access across Texas. The process for creating the map follows the process used by the Federal Communications Commission (FCC) to create the national broadband map and meets the statutory guidelines established in House Bill 5 passed in the Regular Session of the 87th […]

State Sales Tax Revenue Totaled $3.93 Billion in December

Texas Comptroller Glenn Hegar

Texas Comptroller Glenn Hegar today said state sales tax revenue totaled $3.93 billion in December, 10.5 percent more than in December 2021. The majority of December sales tax revenue is based on sales made in November and remitted to the agency in December. “Business spending continued to be the principal driver of growth in sales tax revenue, with rapid growth in receipts from non-retail sectors,” Hegar said. “The mining, construction, wholesale trade, and rental and leasing […]

Texas Comptroller Glenn Hegar to Release Biennial Revenue Estimate

Texas Comptroller Glenn Hegar

Texas Comptroller Glenn Hegar will issue the Biennial Revenue Estimate to the 88th Legislature on Monday, Jan. 9. The Biennial Revenue Estimate reports the amount of revenue available for the Legislature to spend for the fiscal 2024-25 state budget. Hegar will host a virtual news conference at 2 p.m. to discuss the revenue estimate. Members of the media can watch the news conference via Microsoft Teams and submit questions for the Comptroller following the presentation. The Microsoft […]

Taking a Closer Look at Drought and Water Scarcity in Texas

Water is a vital resource necessary to sustain Texas’ rapidly expanding population and thriving economy. This month’s Fiscal Notes explores the effects of drought and highlights the necessity of statewide water planning and the Comptroller’s recent Good for Texas Tour: Water Edition. “Whether in times of drought or flood, responsible water management ensures Texans see water as a resource — not a crisis. Texans around the state are employing innovative strategies to turn our water challenges into opportunities,” says Texas Comptroller […]

Texas Comptroller Glenn Hegar Petitions Federal Government on Timing of its Broadband Map Development, Release of Federal Broadband Funding

Texas Comptroller Glenn Hegar

Texas Comptroller Glenn Hegar has asked the federal government to extend the deadline by 60 days for states and stakeholders to provide input on the accuracy of the proposed National Broadband Map (national map). The national map will be used to allocate federal funding to states to expand broadband in unserved and underserved communities. On Nov. 18, the Federal Communications Commission (FCC) released its initial version of the national map, which displays location-by-location views of high-speed […]

Texas Comptroller Glenn Hegar’s Statement on Companies Asking the Texas Supreme Court to Compel his Office to Process All Chapter 313 Applications

Texas Comptroller Glenn Hegar

Today, attorneys representing multiple companies filed a writ of mandamus with the Texas Supreme Court to compel my office to process all Chapter 313 applications received to date. The Texas Legislature purposely did not renew the Chapter 313 program during the last legislative session, and the program is set to expire on Dec. 31, 2022. As a result, my office has received an extraordinary number of applications from companies seeking to secure an incentive under […]

State Sales Tax Revenue Totaled Record $3.96 Billion in November

Texas Comptroller Glenn Hegar

Texas Comptroller Glenn Hegar today said state sales tax revenue totaled $3.96 billion in November, the highest monthly collection on record and 11.2 percent more than in November 2021. The majority of November sales tax revenue is based on sales made in October and remitted to the agency in November. “With persistently elevated inflation continuing to drive prices — and consequently revenues —  higher, November sales tax collections were once again led by growth in non-retail […]

Texas Comptroller Glenn Hegar Announces Transfer of $7.3 Billion to State Highway and Rainy Day Funds

Texas Comptroller Glenn Hegar

Texas Comptroller Glenn Hegar announced today he has completed the transfer of about $7.3 billion into the State Highway Fund (SHF) and the Economic Stabilization Fund (ESF; commonly known as the “Rainy Day Fund”). Each fund received nearly $3.64 billion, or 50 percent of the total transfer. “Texas’ strong economic recovery continues but inflation and supply chain issues coupled with ongoing geopolitical unrest point to uncertainty on the horizon,” Hegar said. “Additionally, our economic strength […]

Texas Comptroller Glenn Hegar’s Statement on Federal Government’s Plan to Allow Retirement Fund Managers to Prioritize ESG

Texas Comptroller Glenn Hegar

Once again, President Biden is using unelected bureaucrats at the Department of Labor (DOL) to push his radical environmental, social and governance (ESG) agenda, undermine the Texas economy and jeopardize our national security and energy independence. Even as free market forces begin to erode the ESG fairy tale and expose the intellectual dishonesty and utter lack of transparency in this investment scam, President Biden is using the DOL rulemaking process to double down on policies […]

Comptroller’s Office Releases State of Texas Annual Cash Report

Texas Comptroller Glenn Hegar

Texas Comptroller Glenn Hegar today announced the release of the State of Texas Annual Cash Report for fiscal 2022. The report, a cash-basis representation of the state’s financial condition as of Aug. 31, 2022, shows revenue and expenditure details for all funds in the State Treasury. Each fund includes the following information: Date of origin. Administering agency. Authorizing statute. Revenues and other sources at the object code level. Expenditures and other uses at the category level. A […]