HB 1 appropriates $250.7 billion in total spending for the state's budget during the 2020-21 biennium.
“We’ve seen tremendous growth in Texas over the last year and a half, which allowed lawmakers to make historic investments in education and provide much-needed property tax relief. Uncertainty in the global economy, however, as well as increasing unpredictability surrounding international trade policy at the federal level, may have dampening effects on the Texas economy in the coming years.”
— Comptroller Glenn Hegar