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Texas lawmakers will have $188.2 billion
available for the next budget after record-breaking
revenue growth

Original Article

Posted By: Dreadnought, 1/10/2023 3:25:27 PM

Texas is projected to have $188.2 billion available in general revenue for funding the business of the state over the 2024-25 biennium — an unprecedented 26% increase from what lawmakers had during the last budget cycle, Texas Comptroller Glenn Hegar said Monday in his biennial revenue estimate to state lawmakers and leaders. It’s far more money than legislators have ever had at their disposal, with an increase in available funds that dwarfs any previous jumps between cycles, thanks largely to a tax-collection windfall that left the state flush with cash, Hegar said. "The amount of projected revenues give the state a remarkable, a truly once-in-a-lifetime opportunity, for historic actions in this

Comments:

$33 billion (rounded) surplus.

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Reply 1 - Posted by: downnout 1/10/2023 3:31:44 PM (No. 1375274)
Now if they can resist the urge to build monuments to themselves.
9 people like this.

Reply 2 - Posted by: Thos Weatherby 1/10/2023 3:34:42 PM (No. 1375276)
It's time we lower property taxes. A Proposition 13 is needed. Something we can live with and be predictable for at least seniors.
16 people like this.

Reply 3 - Posted by: billsv 1/10/2023 3:49:23 PM (No. 1375281)
Use it to reduce school taxes by pay the M&O (Maintenance and Operations ) taxes for schools. I believe it has been proposed before in Texas.
9 people like this.

Reply 4 - Posted by: Nimby 1/10/2023 3:57:57 PM (No. 1375286)
The school and real estate taxes are pillaging the tax payers in Texas! Raising the taxes every year by 9.99% (to be under 10%) is really burdensome to the seniors are the ones who are getting pounded out of their homes!
13 people like this.

Reply 5 - Posted by: Dodge Boy 1/10/2023 4:43:31 PM (No. 1375313)
Build more of the fence, then.
8 people like this.

Reply 6 - Posted by: padiva 1/10/2023 4:58:21 PM (No. 1375321)
1/4 reduce taxes 1/4 reduce debt 1/4 special projects 1/4 save for a rainy day
8 people like this.

Reply 7 - Posted by: john56 1/10/2023 5:31:26 PM (No. 1375338)
As I told my state representative (here in Texas) at church on Sunday ... no man's life, liberty or property is safe when the legislature is in session. Fortunately, we in Texas only have to make it to about the first week of June this year and then we're okay until 2025.
3 people like this.

Reply 8 - Posted by: Safari Man 1/10/2023 5:39:14 PM (No. 1375341)
First they should apologize for over taxing us. Then make up for it by refunding property taxes in proportion to how much each paid (no redistribution). Cut sales taxes in half for at least a year.
3 people like this.

Reply 9 - Posted by: Roscoelewis 1/10/2023 6:43:40 PM (No. 1375365)
Buy about 1254 x 3 miles of razor wire.
4 people like this.

Reply 10 - Posted by: TXknitter 1/10/2023 7:26:59 PM (No. 1375402)
This is no shock to Texans. Record business growth because big businesses moving here last two years especially. Texas is #2 most populous state after California. Texas is second most popular state to move to in 2022. I am glad we have the budget surplus because with every new million persons who keep moving here, we have new electrical grid needs, water needs, highways and road infrastructure needs, police needs and waste and trash disposal needs.
3 people like this.

Reply 11 - Posted by: padiva 1/10/2023 8:13:25 PM (No. 1375424)
Can I self-identify as a Texan even though I live in PA?
0 people like this.

Reply 12 - Posted by: PCMM 1/10/2023 9:17:00 PM (No. 1375460)
Oh looky, a new excuse to import more third world savages just popped-up. Don’t you see, all you Republicans? Immigration is great for Texas! /s
2 people like this.

Reply 13 - Posted by: Pinkpanther 1/10/2023 11:08:34 PM (No. 1375502)
This is good news so how about they give us homeowners a break on the ridiculous property taxes? We paid $12,000 in property tax on our house in 2022.
2 people like this.

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