AUSTIN — Texas House and Senate budget writers filed the first drafts of the next state budget Wednesday, calling for more than $150 billion in general revenue spending over the next two years in GOP-driven efforts that prioritize property tax relief,

The state Senate’s draft budget would also lower property taxes by increasing the homestead exemption for most homeowners.

Legislative budget-writers will start the 2025 session with a strong surplus, the state's chief financial officer says.

Both chambers set aside $1 billion for a voucher-like education savings account program — double what was on the table two years ago — in a sign that supporters are emboldened after recent electoral gains.

The state’s budget bill has been filed in the Texas Senate by Sen. Joan Huffman, R-Houston, who chairs the Texas Senate Finance Committee. SB 1 is the Texas Senate’s proposed state budget for the 2026-2027 biennium and written by Huffman,

Texas is in good financial shape,” Comptroller Glenn Hegar said Monday when he announced the 2026-2027 biennium revenue estimate.

Texas Comptroller Glenn Hegar said Monday in his biennial revenue estimate to state lawmakers and leaders. The estimate comes one day before the Texas Legislature convenes on Tuesday for the start of the 2025 legislative session. The only thing lawmakers ...

The state House and Senate announced their spending plans for the upcoming biennium, including funding to continue and increase 2023's state-funded tax cut.

Both chambers are off to a fast start, with each unveiling its plan to guide state spending for the two-year budget cycle that starts Sept. 1.

Ahead of the legislative session beginning Tuesday, Texas Comptroller Glenn Hegar announced that Texas has a nearly $24 billion surplus – higher than originally projected. In Hegar’s newly released Biennial Revenue Estimate (BRE),

Texas lawmakers are looking to spend billions of dollars over the next two years to create a school voucher-like program, cut property taxes, raise teacher pay, shore up water infrastructure

Texas Comptroller Glenn Hegar said Monday in his biennial revenue estimate to state lawmakers and leaders. The estimate comes one day before the Texas Legislature convenes on Tuesday for the start of the 2025 legislative session. The only thing lawmakers ...