Comptroller’s Biennial Revenue Estimate

January 11, 2005

Texas Comptroller Carole Keeton Strayhorn released the biennial revenue estimates today. She stated that an extra $400 million would be available after meeting current spending levels of state government over the next two years.

This news indicates our state’s economic engine is improving. We have experienced 16 months of positive sales tax growth.

According to the Comptroller, the 79th Legislature has $6.4 billion more in general revenue than was appropriated by the 78th legislature. However, she stated that $6 billion of the new money was needed just to keep present day spending levels through fiscal year 2007.

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