Texas Comptroller Glenn Hegar today applauded decisions by the Opioid Abatement Fund Council (OAFC) to approve its first abatement strategies and grant plans as well as adopting proposed rules to distribute opioid settlement funding to Texas hospital districts. “This week, the OAFC took meaningful, decisive action to fund evidence-based priorities to respond to the raging opioid crisis,” Hegar said. “The grant plans take a multifaceted approach to treat Texans most at risk of overdose, increase […]
Glenn Hegar
Texas Comptroller Glenn Hegar Announces Purchase of $20 Million in Israel Bonds
Texas Comptroller Glenn Hegar today announced the purchase of $20 million in Israel bonds, providing liquidity to Israel as it defends itself against Hamas. “Texas has long had a deep spiritual, political and economic connection to Israel and the Israeli people,” Hegar said. “They are our friend and ally, and Texas supports their right to defend their people against these cowardly terrorists. We will stand with them, and we will provide them with the financial […]
Comptroller Glenn Hegar Distributes $1.1 Billion in Monthly Sales Tax Revenue to Local Governments
Texas Comptroller Glenn Hegar announced today he will send cities, counties, transit systems and special purpose districts $1.1 billion in local sales tax allocations for October, 4.5 percent more than in October 2022. These allocations are based on sales made in August by businesses that report tax monthly. LOCAL SALES TAX ALLOCATIONS (Oct. 2023) Recipient Oct. 2023 Allocations Change from Oct. 2022 Year-to-date Change Cities $706.1M ↑4.5% ↑5.3% Transit Systems $230.7M ↑1.9% ↑5.5% Counties $68.8M ↑4.6% […]
Texas Comptroller Glenn Hegar Releases 2024-25 Certification Revenue Estimate
Texas Comptroller Glenn Hegar announced today the release of the Certification Revenue Estimate (CRE) for the fiscal 2024-25 biennium. Before each regular legislative session, the Comptroller’s office issues a Biennial Revenue Estimate (BRE) that estimates how much revenue will be available for spending in the state’s next two-year budget cycle. After the session — and this year after two special sessions — the agency releases the CRE to provide the detailed basis by which the Comptroller certified […]
State Sales Tax Revenue Totaled $3.8 Billion in September
Texas Comptroller Glenn Hegar today said state sales tax revenue totaled $3.79 billion in September, 2.8 percent more than in September 2022. The majority of September sales tax revenue is based on sales made in August and remitted to the agency in September. “Modest growth in sales tax revenue compared with last year may reflect a slowing pace of economic growth, as well as cooling inflation,” Hegar said. “Remittances from the oil and gas mining […]
Texas Comptroller Glenn Hegar Announces Record $344 Million in Unclaimed Property Returned in Fiscal 2023
The Texas Comptroller’s office approved and paid out a record $344 million in unclaimed property during the past fiscal year, Comptroller Glenn Hegar announced today. The record in unclaimed property returns tops the $309 million returned to rightful property owners in fiscal 2022, and it is the fourth time in the last five fiscal years the Comptroller’s office has returned $300 million or more in unclaimed property. “The $344 million represents almost 200,000 claims paid […]
Comptroller Glenn Hegar Distributes $1.1 Billion in Monthly Sales Tax Revenue to Local Governments
Texas Comptroller Glenn Hegar announced today he will send cities, counties, transit systems and special purpose districts $1.1 billion in local sales tax allocations for September, 3.4 percent more than in September 2022. These allocations are based on sales made in July by businesses that report tax monthly. LOCAL SALES TAX ALLOCATIONS (Sept. 2023) Recipient Sept. 2023 Allocations Change from Sept. 2022 Year-to-date Change Cities $687.6M ↑3.3% ↑5.4% Transit Systems $225.4M ↑0.9% ↑5.9% Counties $65.7M ↑5.4% […]
Texas Comptroller Glenn Hegar Makes Appointments to Statewide Task Force to Combat Organized Retail Theft
Texas Comptroller Glenn Hegar today announced 10 appointments to the recently created statewide Organized Retail Theft Task Force, which will study the impact of organized retail crime in this state and provide recommendations to address this problem. Hegar will serve as the lead administrator of this legislatively mandated task force, which will meet quarterly and publish a report for the Texas Legislature by December 2024. “I am pleased to be leading this critical effort and grateful […]
Texas Comptroller Glenn Hegar Announces State Revenue for Fiscal 2023, August State Sales Tax Collections
Texas Comptroller Glenn Hegar today released totals for fiscal 2023 state revenues, in addition to announcing monthly state revenues for August. General Revenue-related revenue for fiscal 2023 totaled $82.84 billion, up 8.3 percent from fiscal 2022. All Funds revenue was $187.79 billion, up 2.4 percent from fiscal 2022. All Funds tax collections were $82.15 billion, up 6.4 percent from fiscal 2022. Sales tax revenue was $46.58 billion, up 8.4 percent from fiscal 2022. Motor vehicle […]
Fiscal Notes: Texas Film, Video Game Industries in the Spotlight
In the August issue of Fiscal Notes, the Texas Comptroller’s office looks at two important drivers of the entertainment industry that have left their mark on the Texas economy in recent years: film and video gaming. In 2022, more than 210 film, commercial and TV production companies had an economic impact of nearly $2 billion in Texas, while more than 190 video game companies contributed $5.5 billion. “When you think about where movies and video games are […]