Glenn Hegar

Comptroller Glenn Hegar Distributes $893 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 $893.2 million in local sales tax allocations for July, 20 percent more than in July 2020. These allocations are based on sales made in May by businesses that report tax monthly. LOCAL SALES TAX ALLOCATIONS (July 2021) Recipient July 2021 Allocations Change from July 2020 Year-to-date Change Cities   $575.2M ↑19.0% ↑11.7% Transit Systems $193.0M ↑24.5% ↑9.0% Counties […]

Texas Comptroller Glenn Hegar Releases Revenue Estimate, Projects a Fiscal 2022-23 Ending Balance of $7.85 Billion

Texas Comptroller Glenn Hegar

Texas Comptroller Glenn Hegar today provided an estimate of revenue available for the 87th Legislature, First Called Session, and now projects 2022-23 revenue available for general-purpose spending to be $123.02 billion. Hegar projects a 2022-23 ending balance in General Revenue-Related (GR-R) funds of $7.85 billion. As state leadership prepares for a special session of the 87th Legislature, Hegar said the estimate is based on surging revenue collections, savings from state agency budget reductions during the […]

Texas Comptroller’s Office Releases New Sales Tax Rate Resource for Sellers

Texas Comptroller Glenn Hegar

In response to the growing complexity of local sales and use tax collection and reporting, Texas Comptroller Glenn Hegar announced today that his agency updated its Sales Tax Rate Locator services to help sellers determine their tax responsibility at the time of sale. “This update furthers our customer service-focused efforts to help remote sellers and others easily determine the proper local sales tax rate that should be applied to Texas purchases made online,” Hegar said. “As technology […]

State Sales Tax Revenue Totaled $3.2 Billion in June

Texas Comptroller Glenn Hegar

Texas Comptroller Glenn Hegar today said state sales tax revenue totaled $3.16 billion in June, 18.1 percent more than in June 2020. Year-over-year increases for most tax revenues this month were affected by base effects: Year-ago revenue collections to which this year’s collections are compared were severely suppressed by the pandemic. Compared to June 2019, sales tax collections were up 10.4 percent. The majority of June sales tax revenue is based on sales made in May […]

Texas Comptroller Glenn Hegar Certifies 2022-23 State Budget

Texas Comptroller Glenn Hegar

Texas Comptroller Glenn Hegar today announced his certification of Senate Bill 1, the general appropriations act that was approved by both houses during the recently gaveled regular session of the 87th Texas Legislature. The bill now heads to the desk of Gov. Greg Abbott. SB 1 appropriates $248.6 billion in total spending for the state’s budget during the 2022-23 biennium. It is certified based on the most recent total revenue projection released in May, which included an upward revision of $3.1 billion […]

Comptroller Glenn Hegar Distributes $908 Million in Monthly Sales Tax Revenue to Local Governments

Texas Comptroller Glenn Hegar announced today he will send cities, counties, transit systems and special purpose taxing districts $907.6 million in local sales tax allocations for June, 31.5 percent more than in June 2020. These allocations are based on sales made in April by businesses that report tax monthly. LOCAL SALES TAX ALLOCATIONS (June 2021) Recipient June 2021 Allocations Change from June 2020 Year-to-date Change Cities    $585.6M ↑32.0% ↑10.6% Transit Systems $193.8M ↑35.5% ↑6.7% […]

State Sales Tax Revenue Totaled $3.4 Billion in May

Texas Comptroller Glenn Hegar

Texas Comptroller Glenn Hegar today said state sales tax revenue totaled $3.4 billion in May, the highest-ever monthly total and 30.1 percent more than in May 2020. As with April’s results, year-over-year increases for most tax revenues this month and in the coming months will be among the highest in the history of the data series. This is due to base effects: year-ago revenue collections to which this year’s collections are compared were severely suppressed by […]

Nature Tourism; Military-to-Civilian Career Transition in Texas

Texas Comptroller Glenn Hegar

Outdoor recreation, called “nature tourism” by economists, has provided a reliable, socially distanced outlet for Texans navigating a locked-down world and proved once again that open space is a valuable asset for state and local economies. In the recently released May edition of Fiscal Notes, the Comptroller’s office examines the economic impact of nature tourism and the millions in government revenue for vital programs it provides. “Outdoor recreation is a big business in Texas,” Texas Comptroller […]

Texas Comptroller Glenn Hegar Reminds Families to Start Saving for Higher Education on 529 College Savings Day

Texas Comptroller Glenn Hegar

As national 529 industry professionals prepare to celebrate 529 College Savings Day on May 29, Texas Comptroller Glenn Hegar is encouraging families to save for their children’s higher education expenses using the state’s 529 college plans. “529 day is a reminder that it’s never too late – or too early – to start planning for a child’s college education,” Hegar said. “Families will find that when it comes to planning for their children’s future education, every little bit […]

Comptroller’s Office Extends Tax Deadline in South and East Texas Counties Affected by Recent Weather Events

Texas Comptroller Glenn Hegar

Most businesses in state-declared disaster areas affected by recent severe weather will be granted an extension to file certain tax reports, Texas Comptroller Glenn Hegar announced today. Tax reports due today and May 25 can now be filed June 1 without penalty. Some of those reports include sales and use tax, mixed beverage gross receipts tax and gasoline tax. A complete list of due dates for Texas taxes can be found on the Comptroller’s website. The extension […]