Texas Could Have Almost $5B Tax Revenue Collection Deficit

Texas could be facing an almost $5 billion tax collection deficit next fiscal year. 

Comptroller Glenn Hegar says the drop in Certification Revenue Estimate collections is due to the COVID-19 pandemic and oil price volatility. Hegar noted CRE could drop even further if more coronavirus restrictions have to be put in place.

Texas is still expected to have almost $111 billion in funds available for the next legislative session.


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