Biennial Revenue Estimate: Positive Confidence

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January 12, 2015

The Numbers:

$7.5B beginning balance for 2015 Lege
$110.4B General Revenue Collections
$113B for general purpose spending

Comptroller Hegar Comments on Economic Forecast:

Texas economy will continue to expand, at slower pace
Job growth will continue, attributable to growth in all sectors of Texas’ diverse economy.
Slowing in oil and gas and has damped estimate.
Texas diverse economy is bolstered by:
- construction
- manufacturing
- consumer spending
- retailers
- professional sector

2016-2017 Biennial Revenue Estimate Comptroller One Pager: Why it Counts Comptroller Press Release