Press Release

Chair Chris Turner Responds to Near Doubling of Estimated Surplus for 2023 Fiscal Year

(TEXAS) – Thursday, July 14th, Texas Comptroller Glenn Hegar revised the state’s Certification Revenue Estimate, announcing an additional $13.75 billion in General Revenue-related funds. Texas is now projected to end the 2023 fiscal year with a balance of $26.95 billion. This is in addition to a projected $13.66 billion balance in the state’s Economic Stabilization Fund. 
 
Texas House Democratic Caucus Chair Chris Turner (D-Grand Prairie) issued the following statement in response:
 
“With the Comptroller’s revised estimate, Texas’ expected budget surplus has nearly doubled. The Texas Legislature has an unprecedented opportunity here to help Texans across the board.
 
“We need to reduce property taxes for Texas homeowners by increasing the homestead exemption, and it is equally important that we invest in our infrastructure, health care system and neighborhood schools. This revenue increase gives us a chance to improve the lives of every Texan, and work towards real solutions to the most critical issues facing our state.”

The Texas House Democratic Caucus, which is composed of all Democrats in the Texas House, serves as the group’s membership services and logistical arm, and works to support House Democrats with communications, policy, and legal resources. Chaired by Rep. Chris Turner (D – Grand Prairie), the Caucus is focused on fighting for real solutions for all Texans.

For questions regarding the information in this release, please contact press@texashousedems.com.

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