Tag Archives: Just like that: Comptroller Glenn Hegar says Texas’ $3B surplus became a nearly $5B shortfall

AUSTIN — Comptroller Glenn Hegar on Monday said an economic slowdown caused by the coronavirus and an oil slump is erasing a $2.9 billion surplus expected for the state’s current two-year budget cycle, producing instead a $4.6 billion revenue shortfall. “It’s such a big number, there’s a pretty big gap there,” Hegar said of his revised estimate that there will …

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