Monday, January 9, 2017

Texas financial chief announces $2.86 billion revenue shortfall during next two years

Today, the state’s chief financial officer announced the 85th Legislature will have roughly $105 billion to use in the coming two years, down $2.86 billion from the previous biennium. Comptroller of Public Accounts Glenn Hegar pointed to a decrease in sales tax revenue and struggles in the oil and gas industry as reasons the lawmakers […]

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