Infographic
Download the Biennial Revenue Estimate infographic (PDF - 995KB).
Text Version
Biennial Revenue Estimate a Closer Look
The Texas Comptroller provides the Biennial Revenue Estimate (BRE) at the beginning of every regular legislative session. The estimate outlines how much state revenue is available for lawmakers to spend on programs for Texans through the 2020-21 biennium.
General Revenue-Related Revenue
State Tax Revenue
- Motor Vehicle Sales and Rental Taxes: 8.1%
- Oil Production Tax: 6.1%
- Franchise Tax: 5%
- Natural Gas Production Tax: 2.7%
- Motor Fuel Taxes: 1.7%
- All Other State Taxes: 10.2%
Other Revenue
- Fees, Investments and Other Non-Tax Revenue: 11.7%
Sales Taxes: 54.5%
Revenue Available for General Purpose Spending
| 2018-2019 | 2020-2021 |
|
|---|
General Revenue-Related (GR-R) Tax Collections
| +
| $99.27
| $107.32 In Billions of Dollars
|
|---|
Other GR-R Revenue
| +
| $14.55
| $14.16
|
|---|
Total GR-R Revenue
|
=
|
$113.82
|
$121.48 Subtotal
|
|---|
Beginning Balance
| +
| $1.94
| $4.18
|
|---|
Total GR-R Revenue & Fund Balances
|
=
|
$115.77
|
$125.67 Subtotal
|
|---|
Revenue Reserved for Transfers to the Economic Stabilization and State Highway Funds
| -
| $5.57
| $6.34
|
|---|
Amount Needed for Transfer to the Texas Tomorrow Fund*
| -
| $0.00
| $0.21
|
|---|
Total Revenue Available for General-Purpose Spending
|
=
|
$110.20
|
$119.12 Total
|
|---|
*The original, constitutionally guaranteed prepaid tuition program is projected to have a cash shortfall of $211 million in the 2020-2021 biennium. The BRE assumes the shortfall will be paid from general revenue.
Note: Totals may not sum because of rounding.
Annual Sales Tax Collections/All Funds
- 5.05% Average Annual Change the last 20 years
- More than 10% change in 2018
Source:
Glenn Hegar, Texas Comptroller of Public Accounts