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Biennial Revenue Estimate: A Closer Look
Biennial Revenue Estimate: A Closer Look
January, 2017
Biennial Revenue Estimate: A Closer Look (PDF)
Biennial Revenue Estimate
A CLOSER LOOK
The Biennial Revenue Estimate is issued by the Comptroller at the start of every legislative session before Texas legislators begin budgeting for the next biennium. The estimate tells lawmakers how much they can spend, which in turn affects every Texan.
Revenue Available for General Purpose Spending
In Billions of Dollars
| Revenue | 2016-17 | 2018-19 | |||
|---|---|---|---|---|---|
| General Revenue-Related (GR-R) Revenues from Sales Taxes (Before allocation to State Highway Fund) | $56.83 | $61.97 | |||
| Sales Taxes Allocated to State Highway Fund | minus$0.00 | minus$4.71* | |||
* In 2015, voters approved Proposition 7, which requires the Comptroller to direct some tax revenues to the State Highway Fund starting in fiscal 2018. |
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|
Net GR-R Revenues from Sales Taxes |
equals$56.83 | equals$57.26 | |||
| Other GR-R Revenues | plus$45.61 | plus$49.21 | |||
| Total GR-R Revenues | equals$102.45 | equals$106.47 | SUBTOTAL | ||
| Beginning Balance (Funds carried forward from 2016) | plus$7.29 | plus$1.53 | |||
| Total GR-R Revenue &Fund Balances | equals$109.73 | equals$108.00 | SUBTOTAL | ||
| Revenue Reserved for Transfers to the Economic Stabilization and State Highway Funds | minus$2.0 | minus$3.13 | |||
| Total Revenue Available for General-Purpose Spending | equals$107.73 | equals$104.87 | TOTAL | ||
General Revenue-Related Revenues
| Revenue Source | Percent of Total |
|---|---|
| Motor Vehicle Sales and Rental Taxes | 9.3% |
| Oil Production Tax | 4.4% |
| Francise Tax | 5.6% |
| Natural Gas Production Tax | 1.6% |
| Sales Taxes | 53.8% |
| All Other State Taxes | 10.5% |
| Fees, Investments and Other Non-Tax Revenue | 13% |
Annual Net Sales Tax Collections
| Year | All Funds | General Revenue-Related |
|---|---|---|
| 2004 | $15.42 | $15.36 |
| 2005 | $16.31 | $16.25 |
| 2006 | $18.28 | $18.20 |
| 2007 | $20.27 | $20.18 |
| 2008 | $21.60 | $21.52 |
| 2009 | $21.01 | $20.94 |
| 2010 | $19.63 | $19.56 |
| 2011 | $21.48 | $21.40 |
| 2012 | $24.19 | $24.10 |
| 2013 | $25.94 | $25.84 |
| 2014 | $27.39 | $27.27 |
| 2015 | $28.91 | $28.79 |
| 2016 | $28.25 | $28.14 |
| 2017 | $28.80 | $28.70 |
| 2018 | $30.38 | $28.07 |
| 2019 | $31.81 | $29.20 |
