CBS 11 Header TXA 21 Header MeTV Header KRLD Header The Fan Header

Local

State Expects $5 Billion In Extra Revenue

View Comments

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up

From Our CBS Music Web Sites

dl image State Expects $5 Billion In Extra RevenueClick To Win A Disney World Vacation

483935699 State Expects $5 Billion In Extra RevenueKISS' Paul Stanley Calls Rock Hall A "Sham"

grand in your hand11 State Expects $5 Billion In Extra RevenueWin A Grand In Your Hand

155742164 State Expects $5 Billion In Extra RevenuePick Your Favorite Victoria Secret Model

Featured Items

Fantasy_tileStars Ice Girls

pet_tileYour Pet Photos

weather_tileSend Us Your Weather Photos

AUSTIN (AP) - The Texas comptroller’s office says it now expects the state to collect at least $5 billion in unanticipated revenue during the present two-year budget cycle.

The Austin American-Statesman reports the disclosure by Comptroller Susan Combs comes as the state seeks $9.8 billion in short-term loans. Combs says sales tax collections are running about $1.5 billion ahead of projections. Previously, she had reported that the state had a $1.6 billion cash balance.

Fiscal analyst Eva DeLuna Castro of the Austin-based nonprofit, nonpartisan Center for Public Policy Priorities says even the $5 billion is a conservative figure. She says history suggests that state revenue could swell with a rise in personal income in the state.

(© Copyright 2012 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

Also Check Out:

View Comments