CAFRA Deconstructed. 3 Warning Beacons.

The Texas Comptroller’s State of Texas Annual Cash Report is available. Insomnia is cured.

What’s making waves from the Annual Cash Report?

• Texas doing better than other oil and gas states
• But, Texas still has less cash on hand
• General Revenue fund is down 45.1% from the end of 2015
• Tax revenues down
  • Sales tax revenues down 2.3%
  • Oil and gas revenues down 40.8%
  • Franchise tax revenues down 16.6%
•  Spending is up with Medicaid spending increasing by $4.2 Billion

Houston Chronicle | Texas’ annual cash report shows a depleted state bank account