Texas Comptroller Glenn Hegar released totals for fiscal 2020 state revenues, in addition to announcing monthly state revenues for August.

  • General Revenue-related revenue for fiscal 2020 totaled $56.98 billion, down 1.5% from fiscal 2019.
  • All Funds tax collections were $57.38 billion, down 3.4% from fiscal 2019.
  • Sales tax revenue was $34.10 billion, up 0.2% over fiscal 2019.
  • Motor vehicle sales and rental tax revenue was $4.8 billion, down 3.9% from fiscal 2019.
  • Franchise tax revenue was $4.42 billion, up 4.8% over fiscal 2019.
  • Oil production tax revenue was $3.23 billion, down 16.9% from fiscal 2019.
  • Natural gas production tax revenue was $925 million, down 45.1% from fiscal 2019.
  • All Funds revenue was $141.58 billion, up 10.7% over fiscal 2019, primarily due to substantial increases in federal funding for pandemic-related assistance.