🧵Happening Now: TX Comptroller @Glenn_Hegar
will provide the #txlege with the 2024-25 Biennial Revenue Estimate (BRE).
👀You can watch the event here:
comptroller.texas.gov/about/media-ce…
will provide the #txlege with the 2024-25 Biennial Revenue Estimate (BRE).
👀You can watch the event here:
comptroller.texas.gov/about/media-ce…
@Glenn_Hegar 🧵The Comptroller has already indicated that among the items discussed will be an updated budget surplus which will be higher than the estimated $27B surplus he had previously announced in July of 2022. #txlege
https://twitter.com/Glenn_Hegar/status/1612509829636972552
@Glenn_Hegar TX Comptroller @Glenn_Hegar indicates that in making their calculations they expect a 'MILD' recession.
@Glenn_Hegar TX Comptroller @Glenn_Hegar calls his update a "once in a lifetime" opportunity in front of #txlege lawmakers with relation to the revenues TX has seen.
Projected Budget Surplus is ~$32.69 Billion #txlege
When asked about potentially busting the constitutional and state spending limits, Hegar said he doubts the #txlege would for any purpose, let alone #propertytax relief.
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