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Comptroller Hager: Texas has $19.46 billion available for general purpose spending; ESF cap will alter future transfers
Summary
Comptroller Glenn Hager presented the biennial revenue estimate to the Senate Finance Committee, reporting $19.46 billion available for general‑purpose spending and highlighting a projected carryforward, changes to severance tax transfers to the Economic Stabilization Fund (ESF), and the choice lawmakers face when the ESF cap is reached.
Comptroller Glenn Hager told the Senate Finance Committee the biennial revenue estimate (BRE) shows “$19,460,000,000 available for general purpose spending” for the upcoming biennium, and provided a breakdown of carryforward cash, tax, and non‑tax receipts that underlie the estimate.
Hager said the current projected ending balance includes a carryforward balance from the current biennium and that the make‑up of the ending balance differs from the record carryforward two years earlier. “The projected ending balance in this BRE has a very different makeup,” he said, pointing to conservative fiscal management after the pandemic windfall and noting that much of the recent…
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