AUSTIN – Earlier this week, Texas Comptroller Glenn Hegar issued an updated Certification Revenue Estimate for the current state budget. Due to steady economic growth and significant increases in sales and severance tax revenue, the Comptroller projects that Texas lawmakers will enter the 88th Legislative Session with a record-breaking $27 billion in surplus revenue, an increase of $15 billion over last November’s forecast.
In response to the Comptroller’s announcement, Rep. Trent Ashby (R-Lufkin) issued the following statement:
The recent revenue estimate issued by the Comptroller is an extraordinary testament to the strength and resiliency of the Texas economy. While any budget surplus is welcome news, I believe we should be mindful of the financial challenges many Texans are facing and make a conscious effort to craft fiscal policies that prioritize the taxpayer. Perhaps the heaviest burden Texas taxpayers carry is the payment of property taxes. In my opinion, the Legislature has the unique opportunity to dedicate billions of dollars to provide meaningful property tax relief, and I believe this should be a top priority next session. The state can also utilize additional revenue to make strategic investments in broadband and transportation infrastructure; enhance public safety by bolstering border security and supporting local law enforcement; expand access to healthcare, mental health, and emergency services in rural areas, and support our dedicated educators through pay raises and a well-deserved cost of living adjustment for our retired teachers. The Legislature has an obligation to meet this moment of opportunity with policy solutions that achieve the goal of prioritizing our fellow Texans while protecting and promoting future prosperity.