Category: State Revenue

Texas Beats Natural Gas Output Record, Sector Generated $24.7 Billion in State Revenue, 2.6 Million Jobs

January 31, 2023
Business & MarketseconomyenergyjobsNatural gasRegional & State NewsState NewsState RevenueTexasUSUS News
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Texas led the United States in terms of natural gas output in 2022, with the state breaking its own production record, contributing to millions of jobs as well as billions of dollars in state tax revenues. Natural gas production in Texas hit a “new record” of more than 11.2 trillion cubic feet (Tcf) in 2022,…

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Texas Sees Record 25.6 Percent Tax Revenue Surge Amid High Inflation

September 7, 2022
Business & Marketseconomic policieseconomyinflationLocal NewsRegional-Local Newssales tax increaseState RevenueTexasUSUS News
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Tax revenue in Texas grew by a record 25.6 percent for the 2022 fiscal year through August, according to the latest tax collection data released by the state Comptroller of Public Accounts, Glenn Hegar. All-funds tax collection for fiscal year 2022 until August came in at $77.2 billion, beating projections made in the Certification Revenue…

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Texas Sees Record 25.6 Percent Surge in Tax Revenue as Inflation Soars

September 7, 2022
Business & Marketseconomic policieseconomyinflationLocal NewsRegional-Local Newssales tax increaseState RevenueTexasUSUS News
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Tax revenue in Texas increased by a record 25.6 percent in the current fiscal year through August, driven by economic growth and inflation, according to state Comptroller Glenn Hegar. All funds tax collection for the fiscal year 2022 through August came in at $77.2 billion, topping projections made in the state’s Certification Revenue Estimate by…

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