TPWD financial overview: license revenue steady, parks revenue strong; budget adjusted to approximately $1.1 billion

Reginald Pigues (presented as Reggie Pegues in the transcript), TPWD chief financial officer, summarized agency revenues and budget adjustments through April of FY25.

He reported five-year trends showing license revenue roughly steady: license-year 2021 total about $97.6 million and license-year 2025 at about $95.6 million through April, a 2% change and a 2.5% increase over license-year 2024. The largest license-type increase was $1.7 million for resident fishing, including a $900,000 increase in sales of the resident all-water package, Pigues said. State parks year-to-date revenue for FY25 was $41.5 million (tracking closely to FY24, down 5.3% from FY22 record year), with visitation also near FY24 levels.

Boat-related revenues were trending upward to $11.7 million year to date, a 3.8% increase ($430,000) over FY24 driven mainly by a $392,000 increase in registrations. Pigues then reviewed budget adjustments since the March commission meeting: appropriated receipts of $1.3 million (donations and reimbursements), capital-construction unexpended carryover of $1.1 million, and federal funding adjustments of about $18 million reflecting final apportionments in February (including $10 million to wildlife restoration, $190,000 for sport fish restoration and $1.5 million for boating safety assistance). Fringe benefit adjustments totaled about $900,000 and operational adjustments to noncapital unobligated balances were roughly $4.7 million (including $2.0 million related to Operation Lone Star reimbursements). Pigues said total adjustments were about $26 million and produced an adjusted FY25 budget of roughly $1.1 billion, about 10% over the original August budget.

He concluded by inviting questions; no formal commission action was requested during the work session.