After months facing a pandemic and the resulting government-mandated closures, Texas is suffering from tax revenue decreases that have put the state well behind projections.
HomeTagGlenn Hegar | The Texan
IssuesStatewide NewsTaxes & SpendingState Tax Revenues Down 17 Percent from Projections in 2020
Brad JohnsonJune 17, 2020
Due to the pandemic-driven closures and decline in commerce, the State of Texas has brought in about $4 million less in tax revenue as projected through this point in the biennium.
Statewide NewsTaxes & SpendingComptroller Numbers Show May Sales Tax Revenue Down 13.2 Percent from 2019
Brad JohnsonJune 1, 2020
Business closures and stay-home orders have caused Texas' consumption tax revenues to drop significantly. This May, compared to last, brought in $345 million fewer in sales tax revenues.
86th LegislatureEducationIssuesTaxes & SpendingAs Coronavirus Prompts Economic Downturn, Texas is Facing Fiscal Uncertainty on Two Fronts
Bill PeacockApril 8, 2020
Texas could face a significant revenue shortfall that would disrupt the ability of the state government to fund its $248 billion biennial budget.
EducationEnergyHealthcareStatewide NewsTaxes & SpendingFaced with Serious Economic Concerns, Two Texas Lawmakers Nevertheless See “Silver Linings”
Brad JohnsonMarch 26, 2020
The Texan spoke with two Texas legislators, one Democrat and one Republican, about both their concerns and hopes amid the coronavirus pandemic.
Elections 2020IssuesState HouseState SenateStatewide NewsThe Back MicThe Back Mic: GOP Convention Postponed, Freedom Caucus Letter to Hegar, Senate District 14 Update
McKenzie TaylorMarch 20, 2020
This week — Texas Republicans postpone their state convention, the Freedom Caucus calls on the comptroller, and a state senate race continues to solidify.
EnergyStatewide NewsTaxes & 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.
86th LegislatureLocal NewsStatewide NewsTaxes & SpendingTexas Local Governments Increase Debt to $365 Billion in 2019
Brad JohnsonDecember 9, 2019
After the reforms of the 86th Legislature, local entities have increased their collective debt by $11 billion from the last fiscal year.
August unemployment and job numbers in Texas continue to outpace the United States overall as the overall rate remains steady at 3.4 percent.
EnergyIssuesAfter Saudi Attack, Texas’ Energy Dominance Helps Avert Worldwide Oil Crisis
Brad JohnsonSeptember 17, 2019
The international oil market experienced a brief moment of volatility this week after an attack on a Saudi Arabian oil facility.
FederalIssuesEscalating U.S.-China Trade War Causing Alarm in Texas Agriculture and Oil Industries
Brad JohnsonAugust 13, 2019
Texas remains the nation's leading export state, but the escalating trade war between the U.S. and China has some increasingly concerned about its impact.