Biennial Revenue Estimate


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A text version of this infographic is available below. 

Text Version

2022-23 Revised Biennial Revenue Estimate – Updated May 2021

Before each legislative session, the Texas Comptroller issues the Biennial Revenue Estimate (BRE) to project the amount of money available to spend through the next two-year state budget period. The Comptroller is revising the BRE to reflect higher-than-expected revenues as the state navigates unprecedented economic uncertainty in the pandemic’s wake.

Revenue Available for General Purpose Spending – In Bil​​​lions of Dollars

General Revenue-Related (GR-R) Tax Collections
Other GR-R Revenue
Total GR-R Revenue
$122.13 Subtotal
Beginning Balance
Total GR-R Revenue & Fund Balances
​$122.86 Subtotal
Revenue Reserved for Transfers to the Economic Stabilization and State Highway Funds
Amount Needed for Transfer to the Texas Tomorrow Fund*
Total Revenue Available for General-Purpose Spending
​$115.65 Total

*The original, constitutionally guaranteed prepaid tuition program is projected to have a cash shortfall of $271 million in the 2022-2023 biennium. The BRE assumes the shortfall will be paid from general revenue.

Note: Totals may not sum because of rounding.

Severance Tax Transfers to the Rainy Day Fund and the State Highway Fund

Fiscal 2022 Estimate

  • Transfers to ESF $1.26 Billion
  • Transfers to SHF $1.26 Billion

Fiscal 2023 Estimate

  • Transfers to ESF $1.67 Billion
  • Transfers to SHF $1.67 Billion​

The State Highway Fund (SHF) and Economic Stabilization Fund (ESF) both receive oil and gas severance tax dollars. The SHF also receives a share of sales tax revenue when annual collections exceed $28 billion.

​Source: Glenn Hegar, Texas Comptroller of Public Accounts