Austin.YNN.com

Austin / Round Rock / San Marcos

Change region

  76º

You are not signed in  |  Sign in here  |  Help

You're viewing a lite version of ynn.com

Time Warner Cable customers: Sign in with your TWC ID for video access.

Get my TWC ID. | Get TWC service. | Read the FAQ.

Updated 01/07/2013 12:25 PM

Texas Comptroller reports big jump in revenue

Texas Comptroller reports big jump in revenue
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 Associated Press, All rights reserved.
This material may not be published, broadcast, rewritten or redistributed.