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87th Legislature Issues State House State Senate Statewide News Taxes & SpendingTexas Legislative Budget Board Caps General Spending Increase at 7% for Next Biennium

Brad JohnsonDecember 7, 2020

The legislature cannot appropriate higher than a seven percent increase in general revenue spending for the next biennium when the body convenes in January.

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87th Legislature Energy Taxes & Spending Transportation2021 Contribution to Texas’ Rainy Day Fund Much Lower than Last Year

Brad JohnsonNovember 25, 2020

Due to depressed oil and gas production tax collections, this year's state savings account transfer was 30 percent less than last year.

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Energy Statewide News Taxes & SpendingTexas’ Rainy Day Fund Balance Could Take Hit if Oil Price Drop Continues

Brad JohnsonMarch 12, 2020

The state's Economic Stabilization Fund (ESF) is heavily reliant on severance taxes from oil and natural gas production. The ESF currently has an over $10 billion balance.

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