KXII - HomePage - Headlines

Texas Comptroller reports big jump in revenue

Print
By: From Wire Reports
Posted: Mon 4:20 PM, Jan 07, 2013

AUSTIN, Texas (AP) - The state comptroller estimates that Texas will generate $92.6 billion in general revenue in 2014-2015, a major jump in tax collection from the last two-year budget cycle.

Susan Combs released the estimate Monday, the day before the 83rd Texas Legislature convenes. She also reported $8.8 billion in surplus revenue

More than $3.6 billion will automatically go into the Rainy Day Fund, so the Legislature has immediate control over how $89 billion can be spent. That doesn't mean they will spend all of it.

Gov. Rick Perry and Lt. Gov. David Dewhurst have promised to limit any increase in state spending to a sum of population growth plus inflation, or 9.85 percent.

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)


In The Community

10 Oklahoma students receive Sam Noble Scholarships

Posted: 06/17/2013 - ARDMORE, Okla. —The Samuel Roberts Noble Foundation announced the 2013-2014 recipients of the Sam Noble Scholarships this week, awarding $140,000 in scholarships to 10 southern Oklahoma students.

Tire pile in Leonard has residents worried

Updated: 06/10/2013 - (LEONARD,TEXAS) -- Leonard residents are worried that piles of tires sitting at a vacant service shop are attracting mosquitoes and endagering their health

More In The Community

Most Discussed Stories

powered by Disqus
Sherman 4201 Texoma Pkwy (903) 892 -8123 Ardmore 2624 S. Commerce (580) 223-0946
Gray Television, Inc. - Copyright © 2002-2013 - Designed by Gray Digital Media - Powered by Clickability
User Agent: CCBot/2.0 - 185908702