Download - Senator Van De Putte
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Budget Revenue Shortfall
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The Texas State Budget for 2010-11
Higher Ed.12%
HHS13%
K-12 Ed.14%
Other8%
Prisons3%
Highways6%
Federal36%
HHS 20%
K-12 Ed. 8%
Highway 4%
Other Fed. 4%
Property tax cut, 8%
Biennial Total: $182 billion
Federally funded = shown in white; other areas are General Revenue,
GR-Dedicated, & “Other” State Funds.
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In billion $ 2008-09 2010-11
5/06 Fiscal Note
11/09 Cash Report
5/06 Fiscal Note
11/09 Certification
Franchise tax 6.8 3.0 7.7 3.4
Tobacco tax 1.4 1.9 1.3 1.8
Used car, interest 0.1 0.0 0.1 0.1
TOTAL REVENUE 8.3 4.9 9.1 5.4
Cost of property tax cut
-14.2 -14.2 -14.9 -14.9
SHORTFALL -$5.9 -$9.3 -$5.8 -$9.5
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Fiscal 2008
Fiscal 2009Fiscal 2010
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Current Budget
2012-13 Budget
General Revenue $75.0 billion $75.0 billion
ARRA Used for GR $6.4 billion $0
Cash on hand $2.6 billion $0
Property Tax Relief Fund carryover
$3.0 billion $0
Permanent School Fund $0 $1.2 billion
TOTAL GR BUDGET $87.0 billion $76.2 billion
GAP $10.8 billion
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Potential Revenue for 2012-13
Economic growth with no change in revenue system
$800 million for each 1% growth
Accounting AdjustmentsPayment delays, etc
$2.0 billion
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Potential Revenue for 2012-13
Beginning balance $8.2 billion
Growth during 2012-13 $1.0 billion
Total Rainy Day Fund Available
$9.2 billion
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Sources of State Revenue 2009Total $84.3 billion
Licenses, Fees, Fines,
Penalties9%
Interest/Investment
Income2%
Taxes45%
Lottery2%
Other5%
Federal Funds37%
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Local 8%
State 27%
Special District6%
County 8%
School District20%
City 8%
Other State Taxes25%
Sales Tax35%
Property Tax40%
Sources: Comptroller of Public Accounts, Biennial Revenue Estimate 2008-09, January 2007; Annual Property Tax Report. Forecast by CPPP.
Major State & Local Taxes in Texas 2009
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Source: Comptroller of Public Accounts, Annual Cash Report.
Other3%
Insurance3%
Gas/Oil Production 6%
Franchise11%
Sin (Cigarette,
Tobacco, Alcohol)
6%
Motor Fuels8%
Motor Vehicle Sales and
Rental7%
Sales56%
State Tax Collections 2009Total $37.8 billion
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Budget Scenario for 2012-13
$0
$25
$50
$75
$100
2002-03 2004-05 2006-07 2008-09 2010-11 2012-13
Local School Tax Cut (GR and PTF)
GR for Higher Ed
ARRA instead of GR
Other GR
GR for HHS
Other GR for K-12
GR for Prisons
Additional GR Needed
$7 b
$1 b
None
$3 b
$3.3 b
$300 m
$700 m
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