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COMPTROLLER’S 2020-2021 ESTIMATE OF STATE REVENUE FORECASTS INCREASE

October 16, 2019 - 05:00
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COMPTROLLER’S 2020-2021 ESTIMATE OF STATE REVENUE FORECASTS INCREASE

CAPITAL HIGHLIGHTS State budget writers likely will have more funds to meet the needs of Texas in the near term, based on information released on Thursday, Oct. 10, by the Comptroller’s office. Texas Comptroller Glenn He-gar said revenue available for general spending in 2020-21 is expected to total about $121.76 billion, up 9.6 percent from the 2018-19 biennium. This revenue would support the $118.86 billion in general-purpose spending called for by the 86th Texas Legislature and would result in a final balance available for certification of $2.89 billion. Before each regular legislative session, the comptroller issues a biennial revenue estimate that forecasts how much ...

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