The windfall in consumption taxes is due largely to inflation and high oil and gas prices which have brought in record collections.
Inflation and other cost contributors, like higher oil and gas prices, are driving most of the substantial consumption tax collection increases.
The State of Texas has rebounded financially from the 2020 lows driven by the pandemic and following government-mandated business shutdowns, and now hopes to weather rising inflation.
This second round comes as the comptroller looks to narrow down a list of companies from which to pull any state investments.
The decision from the State of Texas comes as the Russian invasion of Ukraine moves into its second week.
A proposed change in how the state collects and compiles data about an economic development incentive program spurred criticism.
A global push for banks to cease business with traditional energy companies has drawn a rebuke from 15 state finance officials.
Since the pandemic's onset, the Texas economy has rebounded but still struggles with staffing shortages across many industries.
The City of Taylor and Williamson County announced their support for the project at a joint meeting on Wednesday.
As commerce picks up, Texas' fiscal projections have steadily improved with previously projected shortfalls now gone or seriously reduced for the next biennium.
The Texas legislature has one constitutional mandate every session: to pass a balanced budget.
Commerce in Texas remains downtrodden due to the pandemic but continues its modest improvement compared with previous months.
