Texas Comptroller Glenn Hegar estimates $194.6 billion in general revenue for the 2026-2027 biennium, a slight decrease from the previous cycle. While tax collections are projected to rise and the 'rainy day' fund is expected to exceed its cap, Hegar urges lawmakers to prioritize improving Texans' lives amidst persistent inflation.
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Still, Hegar said lawmakers should make thoughtful financial decisions that focus on improving Texans’ lives. The estimated funds also includes $23.8 billion expected to be leftover from the 2024-25 biennium. Part of those leftover dollars include $4.5 billion that were earmarked for public education and education savings accounts but were not used because lawmakers
Texas TEXAS BUDGET LEGISLATURE TAX COLLECTIONS RAINY DAY FUND INFLATION
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Texas lawmakers will have $194.6 billion to spend for the next budget, comptroller projectsThe estimate includes $23.8 billion leftover from the current budget cycle.
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Texas lawmakers will have $194.6 billion to spend for the next budget, comptroller projectTexas Comptroller Glenn Hegar said the state is in good financial shape, but lawmakers need to make thoughtful decisions that focus on improving Texans' lives.
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Texas Lawmakers Face $194.6 Billion Budget With Cautious OutlookTexas lawmakers are beginning their 2026-27 budget session with an estimated $194.6 billion in tax revenue, a slight decrease from the previous biennium. Despite positive economic indicators, Comptroller Glenn Hegar urges caution, highlighting the struggles of Texans facing rising costs. Hegar forecasts a moderated pace of growth in revenue, largely driven by a 9% increase in sales tax collections.
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