On Aug. 2, Texas Comptroller Glenn Hegar announced the creation of the Broadband Development Office (BDO). Mandated by the 87th Texas Legislature’s House Bill 5, the BDO will award grants, low-interest loans, and other financial incentives to internet service providers who expand access to broadband service in underserved areas. “Easy, secure internet access is increasingly … [Read more...] about Comptroller Creates Broadband Development Office
Texas Comptroller
Local Property Tax Levies
Comptroller Releases 2018-19 Summary Report
In tax year 2019, Texas cities, counties, school districts, and special purpose districts levied more than $67 billion in property taxes – 5.51 percent more in 2019 than in 2018, according to the Biennial Property Tax Report. Unlike other taxing units, which can also collect sales taxes and fees, school districts’ only source of tax revenue is the property tax. In 2019, the … [Read more...] about Local Property Tax Levies
Comptroller Raises Revenue Estimate by More than $2.8 Billion
Texas Comptroller Glenn Hegar has revised the Certification Revenue Estimate (CRE). In a July 11 letter to state leadership, Hegar said the state will have $110.17 billion in General Revenue-Related (GR-R) funds available for general purpose spending for the 2018-19 biennium, resulting in a projected fiscal 2019 ending balance of $2.67 billion, an increase from the $94 million … [Read more...] about Comptroller Raises Revenue Estimate by More than $2.8 Billion