Texas

Live: Texas overseer discusses more than expected minus $ 1 billion in revenue with Texas Tribune

Austin (Texas Tribune) — Texas revenue estimates for the past year are minus $ 1 billion, but they’re actually better than expected by Comptroller Glen Hager.

Hager will be attending the Texas Tribune on Thursday at 8am to interview Tribune Editor-in-Chief Ross Ramsey.

After the announcement of Texas revenue estimates on January 11, and shortly before the start of the 2021 legislative session, Hager detailed his estimates and how much lawmakers must cooperate in the next two years. No, what does COVID-19 and the recession affect estimates, and what does that mean for the state budget?

In November, Hager told lawmakers that the 2021 legislative meeting’s financial forecasts weren’t as dire as they expected in the summer. However, Hager did not outline the details, as state revenues continue to suffer from the recession caused by the coronavirus pandemic.

Hager also told lawmakers that sales tax revenues, the state’s largest source of funding, fell 4.8% in the second half of fiscal year 2020 compared to the same growth in 2019. It was a much milder blow than he expected. A Texasman who stays at home and spends money on “staying, not vacationing.”

During a period when many Texans are suffering from a pandemic and recession, lawmakers still need to navigate tricky budgets at this year’s legislative meeting.

Elected as Comptroller in 2014, Hager is a Texas Treasury Officer, Check Creator, Tax Collector, Procurement Officer, and Income Estimator. Previously, he was a member of the Texas Senate and House of Representatives.

The conversation will be streamed live here and on the KXAN Facebook page from 8am CST on Thursday, January 14th.

This conversation was presented by Lone Star University and is supported by Door Dash, The Methodist Healthcare Department of South Texas, TEXAS 2036, Rays Your Hand Texas, Texas A & M University, Texas School Management Association, Blue Cross and Blue Shield of Texas. I will.

Texas Tribune is a non-profit, non-partisan news organization partially funded by donations from members, foundations and corporate sponsors. Financial supporters play no role in tribune journalism. Find a complete list of them here.

Live: Texas overseer discusses more than expected minus $ 1 billion in revenue with Texas Tribune

Source link Live: Texas overseer discusses more than expected minus $ 1 billion in revenue with Texas Tribune

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