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Texas Comptroller: State Government Faces Significant, Long-Term Financial Challenges

Texas Comptroller Glenn Hegar today released a special edition of Fiscal Notes highlighting long-term financial obligations facing Texas state government. Prior to the 2017 legislative session, Hegar sent a letter to lawmakers outlining some of these obligations which, if left unaddressed, could negatively impact the state’s credit rating and limit the amount of revenue available for general spending.

The report examines four of these obligations:

  • state employee pension funding;
  • the TRS-Care program, which provides health care coverage for retired public school employees and their dependents;
  • the Texas Guaranteed Tuition Plan; and
  • deferred maintenance projects for state buildings.

Fiscal Notes is available online and also can be received by subscribing via the Comptroller’s website.

Fiscal Notes helps promote and further explain the Comptroller’s constitutional responsibilities to monitor the state’s economy and estimate state government revenues. It has been published since 1975, featuring in-depth analysis concerning state finances and original research by subject-matter experts in the Comptroller’s office.

Information courtesy of Texas Comptroller’s Office.

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