Acting Texas Comptroller Kelly Hancock has released the Certification Revenue Estimate (CRE) for the 2026-27 biennium. As a result of legislative actions and an updated economic forecast, the Comptroller’s office now expects revenue available for general spending in 2026-27 to total about $203.63 billion, up 1.7 percent from the 2024-25 biennium. This revenue will support the $198.97 billion in general-purpose spending called for by the 89th Legislature and will result in a projected fiscal 2027 balance available for certification of $4.66 billion.
“This estimate assumes continued moderate expansion in the Texas economy through the biennium,” Hancock said. “We will continue to closely monitor factors that could influence the state’s economic outlook.”
Fiscal 2026 transfers will total $2.52 billion to the SHF based on severance taxes collected in fiscal 2025 and $2.46 billion to the SHF in fiscal 2027 based on severance taxes collected in fiscal 2026. The ESF reached its allowable cap after a partial severance tax transfer of $2.05 billion at the start of fiscal 2026. There will be no transfer to the ESF in fiscal 2027.
After accounting for interest and investment earnings by the ESF, along with expenditures authorized by appropriations made in recent legislative sessions, the CRE projects a fiscal 2027 ending Rainy Day Fund balance of $28.48 billion.
For more information, see the Comptroller’s CRE infographic here.
