How Texas should spend its $33 billion surplus - Dallas News

Jan 12, 2023 · Comptroller Glenn Hegar has set the state’s budget surplus at $32.7 billion, a record-setting amount flowing in from Texas’ continued growth, a spike in oil and gas …

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How Texas Should Spend Its $33 Billion Surplus - Dallas News

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Jan 12, 2023 · Comptroller Glenn Hegar has set the state’s budget surplus at $32.7 billion, a record-setting amount flowing in from Texas’ continued growth, a spike in oil and gas …

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Texas’ Budget Surplus Soars To $33B, Fueling Demand For Tax Cuts, …

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Jan 9, 2023 · Because of a constitutional spending limit that Texas voters approved in 1978, lawmakers will not be able to spend all of the $32.7 billion surplus. With a majority vote of both …

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How You Would Spend The Texas Surplus - Axios Dallas

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Jan 21, 2025 · Texas public schools are lacking nearly $10 billion due to inflation, according to an education policy think tank.. Why it matters: The state has a nearly $24 billion surplus — an …

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How Will Texas Spend Its Upcoming Budget Surplus? - KXAN Austin

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Jan 10, 2025 · Two years ago state lawmakers were given a record $32.7 billion surplus which it used to make a lot of one-time expenses on infrastructure funding and giving out property tax …

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How Could Texas Spend Its Record $32.7 Billion Surplus? - The …

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The number won’t be finalized until after the receipts are all in later this year and legislators determine how much of it they want to spend in the current budget cycle before the end of August. The cash surplus grew over the past 18 months because of historic growth in tax collections by the state. As COVID-19 pandemic restrictions ended, Texas’ ...

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Government Finances: Texas Legislature To Deliberate $33B Surplus

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Jan 10, 2023 · The state will not spend the entire $188 billion unless lawmakers agree to bust a spending cap, which is 12.3% or about $12.5 billion over the current biennium.

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What Will Texas Do With Its $33 Billion Surplus? State Comptroller ...

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Jan 10, 2023 · State Comptroller Glen Hager, considered the Chief Financial Officer of Texas, reported a gigantic budget surplus that’s far larger than previously projected. "We have a cash …

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Texas Has Record $33 Billion Budget Surplus As State ... - CBS News

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Jan 10, 2023 · Texas has nearly $24 billion surplus & projected to have over $28 billion in rainy day fund Texas lawmakers to consider additional property tax relief amid projected surplus in …

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How Texas Will Spend Surplus Budget | Khou.com

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Jan 10, 2023 · Lawmakers will be dealing with a surplus of about $33 billion but don't want to spend for the sake of spending. “We cannot reasonably expect a repeat. We are unlikely to …

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Howard: How The Legislature Could Spend A $33 Billion Surplus

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Jan 25, 2023 · The state comptroller released his Biennial Revenue Estimate projecting $32.7 billion in surplus revenue that was not anticipated when the current budget was drafted in the …

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Texas Expects Record $33 Billion Budget Surplus - KXAN Austin

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Jan 9, 2023 · Comptroller Hegar’s Biennial Revenue Estimate reports Texas has $188.2 billion available to spend over the next two years, more than ever before and 26.3 percent more than …

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Editorial: Legislators, Use $33 Billion Surplus To Meet Vast Needs

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Jan 22, 2023 · Over the next four months, the 88th Texas Legislature will wrestle with how to spend a record $33 billion state budget surplus, a windfall that Texas Comptroller Glenn Hegar …

statesman.com

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How Could Texas Spend Its Record $32.7 Billion Surplus? - 25 News …

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Mar 14, 2023 · If the $32.7 billion surplus were distributed equally to every Texas household, every household would get $3,192. According to the U.S. census, Texas has an estimated …

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Mega Surplus Gives Texas Lawmakers Golden Opportunity To Fix …

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Feb 6, 2023 · Compared with current spending of $119.2 billion, that leaves $36.3 billion more on the table for lawmakers to use, not counting the surplus. Adding it all together, some analysts …

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Texas' $33 Billion Budget Surplus: One-on-one With State …

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Jan 15, 2023 · PREVIOUS: What will Texas do with its $33 billion surplus? State comptroller shares his thoughts'. Texas Comptroller Glenn Hager: "Really the last year plus has been …

fox26houston.com

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What Should The State Do With Its Expected $24 Billion Budget …

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A new University of Houston Hobby School survey reveals how Texans want to use the state's $24 billion budget surplus. Property tax relief, teacher pay raises and Medicaid expansion …

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Texas Records Record $33B Budget Surplus - New York Post

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Jan 11, 2023 · The state of Texas has a historic $33 billion surplus this year, more money than the annual budgets of Alabama, Alaska, Arkansas, Connecticut and Indiana who each operate …

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Armstrong: Texas’ Surplus Shows Tax Imbalance. Here’s How To Fix It.

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1 day ago · Though projections show a revenue decrease of 1.1.% from the 2024-25 levels, lawmakers will have a $24 billion budget surplus to allocate toward policy priorities.

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Texans’ Priorities: Cut Taxes, Raise Teacher Pay, Expand Medicaid

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5 days ago · With Texas expecting a $24 billion budget surplus, the state’s residents have some ideas about how the Legislature should spend it. Property tax relief for homeowners tops …

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How Could Texas Spend Its Record $32.7 Billion Surplus? - KSAT.com

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Mar 13, 2023 · If the $32.7 billion surplus were distributed equally to every Texas household, every household would get $3,192. According to the U.S. census, Texas has an estimated …

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Comptroller Reveals $23.76 Billion Surplus That Could Be Returned …

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Jan 13, 2025 · Of the $194.6 billion available for general-purpose spending, $176.4 billion comes from general revenue-related funds, and $23.76 billion is in surplus. ... January 13, 2025. …

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FAQs about How Texas should spend its $33 billion surplus - Dallas News Coupon?

Will Texas have a $32.7 billion surplus?

An unprecedented $32.7 billion surplus is about to make it rain in Texas. Driving the news: State Comptroller Glenn Hegar said the state will also have $188.2 billion in general revenue during the 2024-2025 fiscal year, a 26% increase from the last biennium. Why it matters: Hegar is calling it a " once-in-a-lifetime opportunity ." ...

How do Texans use the state's $24 billion budget surplus?

Texans weigh in A new University of Houston Hobby School survey reveals how Texans want to use the state's $24 billion budget surplus. Property tax relief, teacher pay raises and Medicaid expansion were among the topics at the top of the list. ...

How much money will the state spend on a budget surplus?

The state’s comptroller announced an additional $6 billion to the state’s projected budget surplus, sparking discussions about how to spend the cash. Including the surplus and transfers, there will be $188.2 billion in funds. ...

Is a $32.7 billion surplus about to make it rain in Texas?

Photo by Kazuhiro Nogi/AFP via Getty Images An unprecedented $32.7 billion surplus is about to make it rain in Texas. Driving the news: State Comptroller Glenn Hegar said the state will also have $188.2 billion in general revenue during the 2024-2025 fiscal year, a 26% increase from the last biennium. ...

How much surplus tax revenue will Texas have in 88th legislature?

After speculating for months on how much surplus tax revenue the state will have available in the 88th Legislature, Texas' top accountant finally gave a firm number: $32.7 billion. The disclosure Monday from state Comptroller Glenn Hegar was a head-turner in that it was a significant jump from the $27 billion estimate he floated last summer. ...

Does Texas have a budget surplus?

It’s bigger than the economy of some metropolitan areas in Texas. The budget surplus is bigger than the 2021 gross domestic product, or the total output of goods and services, of 18 metropolitan areas, including McAllen, Corpus Christi, and Beaumont-Port Arthur, according to the U.S. Bureau of Economic Analysis. ...