Texas Comptroller

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 […]

Texas Comptroller Glenn Hegar Revises Revenue Estimate, Projects a Fiscal 2021 Ending Balance of $1.67 Billion More than January Estimate

Texas Comptroller Glenn Hegar

Texas Comptroller Glenn Hegar today revised the Biennial Revenue Estimate (BRE) and now projects 2020-21 revenue available for general-purpose spending to be $113.88 billion and the ending balance in General Revenue-Related (GR-R) funds to be $725 million, an increase of $1.67 billion from the negative balance projected in the January 2021 BRE. The increased ending balance, combined with upwardly revised projections of revenue collections for the 2022-23 biennium, results in an estimate of $115.65 billion […]

State Sales Tax Revenue Totaled $3.4 Billion in April

Texas Comptroller Glenn Hegar

Texas Comptroller Glenn Hegar today said state sales tax revenue totaled $3.4 billion in April, a record-high monthly total and 31.4 percent more than in April 2020. 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 the pandemic. Nonetheless, this […]

State Sales Tax Revenue Totaled $3.4 Billion in April

Texas Comptroller Glenn Hegar

Texas Comptroller Glenn Hegar today said state sales tax revenue totaled $3.4 billion in April, a record-high monthly total and 31.4 percent more than in April 2020. 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 the pandemic. Nonetheless, this […]

State Sales Tax Revenue Totaled Nearly $3 Billion in November

Texas Comptroller Glenn Hegar

Texas Comptroller Glenn Hegar today said state sales tax revenue totaled $2.98 billion in November, 6.3 percent less than in November 2019. The majority of November sales tax revenue is based on sales made in October and remitted to the agency in November. “November state sales tax collections continued the trends of recent months, with receipts down from a year ago in all major economic sectors other than retail trade,” Hegar said. “Increased collections from retail […]