The latest Glenn Hegar news from The Texas Tribune.
The dire financial forecast from the Texas comptroller says a lot about the pandemic's harsh impact on the economy. It's based on uncertain assumptions about what will happen next — and could easily change again. Full Story
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On this week's TribCast, Alexa talks to Matthew, Cassi and Ross about the Texas GOP's convention chaos and how the uncertainty of the coronavirus pandemic is affecting the state budget. Full Story
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Now that the first official estimate of the coronavirus' effect on the Texas economy is out, the hard work starts. Legislators have to figure out which parts of the state budget to cut and which parts to keep. Full Story
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We sat down for an interview with Hegar to discuss the impact of COVID-19 on Texas' economy and the challenges the Legislature will face when setting the two-year budget. Full Story
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While collections from restaurants were depressed, Comptroller Glenn Hegar said that take-out and delivery sales, along with online purchases, helped buoy revenue in the restaurant and retail sectors. Full Story
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"Significant declines in sales tax receipts were evident in all major economic sectors, with the exception of telecommunications services," Comptroller Glenn Hegar said in a statement. Full Story
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The pandemic has devastated the Texas economy. The state comptroller says that will mean billions of dollars less than expected for the current budget. But state agencies haven't received any orders to cut their spending. Full Story
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For the past several weeks, the comptroller has been referring to the state of the economy as a recession. The latest sales tax figures give the first glimpse of how much the economic downturn will hurt the state budget. Full Story
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This week's drop in crude oil prices signals trouble for state and local government budgets. Energy isn't the biggest source of tax money in Texas, but the big one — the sales tax — is already falling. Full Story
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The pandemic's impact on the Texas economy is a full-on recession, state Comptroller Glenn Hegar said Tuesday. And hard financial decisions will mark the next session of the Texas Legislature. Full Story
We sat down for a live virtual event with Texas Comptroller Glenn Hegar to discuss the COVID-19 outbreak and its effect on the state budget, economy and workforce. Full Story
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Texas Comptroller Glenn Hegar told House members that it's too soon to make detailed forecasts, but both the state budget and Economic Stabilization Fund could be drastically revised down. Full Story
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Restaurant owners say that delaying sales tax payments could help them ride out the pandemic. State officials, however, say that those revenues help keep hospitals and emergency services running. Full Story
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A longstanding economic development incentive tied to local sales taxes has run into a hurdle, as voters find out some of their local dollars are ending up in faraway localities. Blame the internet. Full Story
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This is the kind of question that makes tax consultants wealthy: If a Texan buys something online, should the local sales tax go to the seller's city or the buyer's? Full Story
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Iconic Texas-based clothing maker Williamson-Dickie made headlines last year when it announced it was closing its last U.S. factory, in Uvalde. While that plant has been repurposed and still employs several residents, the city is grappling over changes to a key partner in its community. Full Story
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Glenn Hegar told lawmakers they'll end the current budget with more money on hand than expected, and with a large balance in the state's rainy day fund. Full Story
Lt. Gov. Dan Patrick has done his best to knock down rumors he might take a job with the Trump administration. That hasn't stopped talk about what might happen if he leaves his current job. Full Story
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The announcement Tuesday from Comptroller Glenn Hegar came amid lawmakers' closed-door haggling over the two-year budget, which includes funds for public schools and property tax relief. Full Story
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In a new report, Texas Comptroller Glenn Hegar says the state should cover 40 percent of the cost of public education — and should cover the costs of inflation, too. Full Story