October 9, 2018      3:59 PM
Greenfield: State Expenditures in FY18 should leave conservatives pleased and liberals depressed
By the numbers, economist Dr. Stuart Greenfield lays out what’s happening with the Texas budget, this time on the expenditure side of the equation
the close of FY18, State Comptroller Glenn
Hegar announced state tax collections and revenue increased at a
substantial rate. The Comptroller noted that both All Funds tax collections and
total revenue increased at substantial rates, 12.0 percent, and 8.1 percent,
Hegar did not comment on total state expenditures, which increased (3.5
percent), a rate substantially lower than the increase in state revenue. The
agency will soon release the Comprehensive Annual Financial Report (CAFR)
and the Annual Cash Report.
reports document state revenue and expenditures for FY18.
now, I’ll offer an overview of state expenditures for FY18 based on the cash
The complete guest column by
Dr. Stuart Greenfield is in the R&D Department.
By Dr. Stuart Greenfield