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2018-19 Certification Revenue Estimate, Revised July 2018, Now Available
Texas Comptroller Glenn Hegar revised the Certification Revenue Estimate (CRE), announcing better-than-expected revenue growth in fiscal 2018 and an improved economic outlook for fiscal 2019. In a July 11 letter to state leadership, Hegar said the state will have $110.17 billion in General Revenue-Related funds available for general purpose spending for the 2018-19 biennium, resulting in a projected fiscal 2019 ending balance of $2.67 billion, an increase from the $94 million ending balance projected in the October 2017 CRE. The ending balance does not account for any 2018-19 supplemental appropriations the Legislature may make. Visit the Comptroller’s website for a useful infographic and detailed tables of the full CRE. |
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Source: Texas Comptroller
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