A Texas sized tax surplus. So, do we get a refund?

Texas is rolling in it! 

A strong economy and soaring inflation have spurred extraordinary tax and fee collections, swelling the state’s coffers by up to $27 Billion more than was budgeted. 

So the first question that comes to mind is: How is the surplus going to be spent?

Rest assured there will be a Texas-sized wishlist from politicians, especially incumbents who can afford to make big promises now as we barrel toward the November election and a legislative session that starts two months after that. Texas Comptroller Glenn Hegar makes his first appearance on Y’all-itics to talk to The Jasons about the unexpected windfall…whether any of it will bring much sought tax relief for Texas property owners…and what he thinks of a California-style mass check sending campaign to residents to give back a surplus there that was almost 4 times bigger than the budget bounty here in Texas.

 

Guest: Texas Comptroller Glenn Hegar