May 3, 2021      3:17 PM

Comptroller Hegar revises revenue estimate upward nearly $1.7 billion for ending balance, additional $3.1 billion for coming biennium

“The increased ending balance, combined with upwardly revised projections of revenue collections for the 2022-23 biennium, results in an estimate of $115.65 billion available for general-purpose spending in 2022-23, an increase of $3.12 billion from the January BRE.”

Cautioning state leadership that “we do not yet know how much consumer and business behavior will return to pre-pandemic patterns,” Texas Comptroller Glenn Hegar on Monday afternoon revised his revenue estimate for the biennium up nearly $1.7 billion.

“I now expect 2020-21 revenue available for general-purpose spending to be $113.88 billion and the ending balance in General Revenue-Related (GR-R) funds to be $725 million, an increase of $1.67 billion from the negative balance projected in the January 2021 Biennial Revenue Estimate (BRE),” Hegar wrote in a letter to Gov. Greg Abbott, Lt. Gov. Dan Patrick, Speaker Dade Phelan, and members of the Legislature.

By Scott Braddock

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