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May 21, 2018      5:29 PM

Greenfield: Revenue is soaring

Economist Dr. Stuart Greenfield with his finger on the pulse of the state revenue situation: So what will the ending FY19 balance be? At a minimum, it will be an order of magnitude greater than the current $93.8 million

The state has postponed appropriating substantial funding to address the aftermath of Hurricane Harvey, primarily relying on federal funds.  Maybe my analysis of the state’s fiscal condition as we enter the summer months of FY18 will help our snoring legislators to arise from their slumber. 

As Comptroller Hegar recently noted, sales tax increased 13.4 percent from April 2017.  This substantial increase was accompanied by substantial year-to-date (YTD) increases in other General Revenue-Related (GRR) revenue sources.

The complete column by Dr. Stuart Greenfield is in the R&D Department.

By Dr. Stuart Greenfield

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