The audited State of Texas Annual Comprehensive Financial Report (ACFR) for the fiscal year ending August 31, 2025, is now available. The report was prepared by the Financial Reporting section of the Texas Comptroller of Public Accounts with assistance from other sections.
Of note from the report, the balance of the Economic Stabilization Fund on Aug. 31, 2025, was $26.9 billion. Additionally, over the past 10 years, the Texas economy, as measured by Texas real gross state product (GSP), grew at an average annual rate of 3.1 percent. For calendar year 2025 Texas real GSP growth is estimated to have been 2.2 percent.
In terms of major nonfarm industries, all but three of Texas’ 11 major nonfarm industries experienced net job growth from September 2024 to September 2025. Employment in goods-producing industries increased by 0.5 percent, while employment in service-producing industries rose by 1.3 percent.
The report also covers the economic impact of other industries, major legislative initiatives, infrastructure investments, and property tax reform, among other topics.
The full report can be found here. Reports from prior years can be found on the Comptroller’s webpage.
