The Comptroller’s office has updated Taxes of Texas: A Field Guide (PDF). This report provides an overview of major state and local taxes, including historical collections and estimates of future revenue growth. The guide, which features a tablet-friendly design and links to in-depth state financial publications, offers an overview of the budget process and outlines the basics of local taxes.
Sales and use taxes are the state’s single largest source of tax revenue, raising about 58 cents of every state tax dollar in fiscal 2025. Texas relies on revenue generated by more than 30 different taxes to fund the functions of state government. Tax collections made up 46 percent of state revenue in fiscal 2025 while federal dollars contributed 32 percent of total state net revenue in fiscal 2025.
