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2 results for “tax records” · budget

  • The 2024-2025 Texas Budget Shannon Halbrook, Senior Fiscal Analyst, Every Texan

    Austin, TX
    Budget

    The 2024-2025 Texas Budget, signed by Governor Abbott on June 18, 2023, allocates approximately $321 billion from all funds and $144 billion in general revenue for the two-year period from September 1, 2023, to August 31, 2025. The Legislature began the session with $188.2 billion in general revenue, including a record $32.7 billion carryover balance and $23.5 billion in the state's rainy-day fund. While the budget shows 10% and 6% increases in general revenue and all funds respectively compared to the previous biennium, the analysis notes that after adjusting for inflation and population growth, actual spending increases are considerably smaller, and lawmakers prioritized property tax cuts over long-overdue investments in public education and health care despite the surplus opportunity.

    AI summary

    state budgetproperty tax cutseducation fundinghealth care fundinggeneral revenue
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  • Governor's FY 2025 Executive Budget - Oklahoma.gov

    Oklahoma City, OK
    Budget

    Governor J. Kevin Stitt submitted Oklahoma's FY 2025 Executive Budget to the 60th Oklahoma Legislature, emphasizing financial recovery and building toward a "Top Ten State" vision. State tax collections reached a record $14.18 billion in FY 2023 but declined 4.4% to $13.56 billion in FY 2024, with FY 2025 expected to show slight decline and FY 2026 modest growth according to Oklahoma Tax Commission projections. General Revenue Fund collections for FY 2025 are projected at $8.40 billion, down $62 million from FY 2024 actuals, while total certified and authorized funds available for appropriation are estimated at $10.83 billion for FY 2025. Spending discipline from FY 2021–FY 2025 is projected to generate $4.6 billion in total state reserves and cash savings by the end of FY 2025, including $2.03 billion in constitutional and revenue stabilization reserves, $1.37 billion in General Revenue cash, and $1.24 billion in other dedicated fund balances.

    AI summary

    state budgettax revenuegeneral revenue fund
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