P.O. Box 12068, State Capitol
Austin, Texas 78711
Tel. (512) 463-0112
FOR IMMEDIATE RELEASE
January 7, 2019
AUSTIN — Texas State Senator Jane Nelson, R-Flower Mound, today issued a statement on the Biennial Revenue Estimate (BRE):
"The Comptroller's revenue estimate confirms that the Texas economy is performing at a very high level. The principles of low taxes, smart regulation and limited government are working in Texas, while states that over-extended their budgets struggle," said Senator Nelson. "Not only is our economy producing jobs and opportunities, it is generating the revenue we need to meet our growing needs and make historic investments in education, which is key to the future of Texas."
The BRE represents the Comptroller's revenue projections for the remainder of fiscal year 2019 and the upcoming 2020-21 biennium, which provides a marker for the Legislature as it works to pass the state's two-year budget. The Texas Constitution requires "pay as you go," and the Comptroller will issue a Certification Revenue Estimate in the weeks following the legislative session to certify that the budget is within available revenue.