Moving on Up: Major Events Trust Fund, Other Events Trust Fund

Governor Abbott & Comptroller Hegar announced that the Major Events Trust Fund and the Other Events Trust Fund will be housed in the Governor’s Economic Development and Tourism Division.

The Funds, which return incremental tax increases for events to local governments, have been housed since their creation with the Comptroller’s Office. 

The purposes for the move:

• “maximize efficiency and accountability in state government”
• to optimize our state’s economic development strategy
• “will leverage our existing economic resources and promote Texas as a world-class commercial destination nationally and globally.”  

Governor Abbott and Comptroller Hegar Joint Press Release