Texas Fiscal Statistics

StatisNostics/State Financials/Texas

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20122023

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State Revenue Analysis (Texas: 2012–2023)

Population: 26,094,422 → 29,527,941 (13.2% change)

Overall Revenue Trends

Total Revenue▲ 100.6%

$108,326,381,000 (2012)→$217,268,287,000 (2023)

Per Capita Revenue▲ 77.3%

$4,151 (2012)→$7,358 (2023)

Fund Balances▼ 100%

$113,046,186,000 (2012)→$0 (2023)

Revenue Volatility✓ Low

Avg. fluctuation: 6.6%

Major Tax Revenue

Sales Tax▲ 85.1%

$29,002,557,000 (2012)→$53,676,012,000 (2023)

Utility Revenue

Sewerage Charges▼ 7.5%

$294,000 (2012)→$272,000 (2023)

Solid Waste Charges▼ 99.8%

$72,232,000 (2012)→$156,000 (2023)

Growth Analysis

Fastest Growing Revenue Sources

Local Intergovernmental Other▲ 137819.5%

$82,000→$113,094,000

Federal Intergovernmental Health & Hospitals▲ 880.4%

$1,650,106,000→$16,176,894,000

Royalties▲ 375.9%

$443,276,000→$2,109,761,000

Declining/Slowest Growing Sources

Solid Waste Charges▼ 99.8%

$72,232,000→$156,000

Federal Intergovernmental Air Transportation▼ 98.7%

$10,517,000→$132,000

Local Intergovernmental Health & Hospitals▼ 92.4%

$110,976,000→$8,475,000

Revenue Forecast

Projected Revenue (Next Year)▲ 5%

Estimated: $228,195,442,866

Based on 3-year revenue trend

Revenue Composition

2012 Revenue Breakdown

Total General Sales Taxes26.8%

Federal Intergovernmental Public Welfare16.2%

Federal Intergovernmental Education6.6%

Higher Education Tuition Charges4.7%

Hospital Charges4.3%

Other Selective Sales Taxes3.8%

Severance Tax3.5%

Motor Fuels Sales Tax2.9%

Miscellaneous General Revenue Not Elsewhere Classified2.9%

Federal Intergovernmental Highways2.8%

Interest Earnings2.6%

Unemployment - Contribution2.6%

Local Intergovernmental Education2.2%

Motor Vehicle License1.8%

Federal Intergovernmental Other1.7%

Donations From Private Sources1.6%

Federal Intergovernmental Health & Hospitals1.5%

Tobacco Sales Tax1.4%

Insurance Premium Tax1.3%

Net Lottery Revenue1.2%

Higher Education Auxiliary Charges1.1%

Alcoholic Beverage Sales Tax0.9%

Public Utilities Tax0.7%

Workers Compensation - Other Contributions0.7%

All Other Not Elsewhere Classified Charges0.6%

Occupation & Business License Not Elsewhere Classified0.6%

Fines & Forfeits0.6%

Royalties0.4%

Federal Intergovernmental Other Natural Resources0.3%

Workers Compensation - Interest Earnings0.2%

Federal Intergovernmental Sewerage0.2%

Other License Tax0.2%

Federal Intergovernmental Housing & Community Development0.2%

Motor Vehicle Operators License0.1%

Local Intergovernmental Health & Hospitals0.1%

Corporation License Tax0.1%

Federal Intergovernmental Water Utilities0.1%

Hunting & Fishing License0.1%

Federal Intergovernmental Employment Security Administration0.1%

Toll Highway Charges0.1%

Solid Waste Charges0.1%

Alcoholic Beverage License Tax0.1%

Parks & Recreation Charges0.0%

Sale of Property0.0%

Natural Resources Not Elsewhere Classified Charges0.0%

Amusement Tax0.0%

Unemployment - Interest Revenue0.0%

Amusement License Tax0.0%

Public Utility License Tax0.0%

Housing & Community Development Charges0.0%

Federal Intergovernmental Transit Utilities0.0%

Rents0.0%

Federal Intergovernmental Air Transportation0.0%

Regular Highway Charges0.0%

Parimutuels Tax0.0%

Local Intergovernmental Public Welfare0.0%

Sewerage Charges0.0%

Local Intergovernmental Other0.0%

2023 Revenue Breakdown

Total General Sales Taxes24.7%

Federal Intergovernmental Public Welfare19.5%

Federal Intergovernmental Health & Hospitals7.4%

Hospital Charges4.7%

Federal Intergovernmental Education4.4%

Severance Tax4.4%

Higher Education Tuition Charges4.2%

Other Selective Sales Taxes3.7%

Interest Earnings3.2%

Miscellaneous General Revenue Not Elsewhere Classified3.1%

Local Intergovernmental Education2.7%

Federal Intergovernmental Highways2.0%

Insurance Premium Tax1.9%

Motor Fuels Sales Tax1.8%

Federal Intergovernmental Other1.4%

Net Lottery Revenue1.3%

Donations From Private Sources1.3%

Unemployment - Contribution1.1%

Motor Vehicle License1.1%

Royalties1.0%

Alcoholic Beverage Sales Tax0.8%

Higher Education Auxiliary Charges0.8%

Tobacco Sales Tax0.6%

Workers Compensation - Other Contributions0.5%

All Other Not Elsewhere Classified Charges0.4%

Public Utilities Tax0.4%

Occupation & Business License Not Elsewhere Classified0.3%

Federal Intergovernmental Other Natural Resources0.2%

Toll Highway Charges0.2%

Fines & Forfeits0.1%

Corporation License Tax0.1%

Workers Compensation - Interest Earnings0.1%

Motor Vehicle Operators License0.1%

Other License Tax0.1%

Federal Intergovernmental Sewerage0.1%

Hunting & Fishing License0.1%

Local Intergovernmental Other0.1%

Federal Intergovernmental Employment Security Administration0.0%

Alcoholic Beverage License Tax0.0%

Federal Intergovernmental Housing & Community Development0.0%

Natural Resources Not Elsewhere Classified Charges0.0%

Parks & Recreation Charges0.0%

Unemployment - Interest Revenue0.0%

Sale of Property0.0%

Regular Highway Charges0.0%

Public Utility License Tax0.0%

Education Other State Charges Not Elsewhere Classified0.0%

Housing & Community Development Charges0.0%

Amusement Tax0.0%

Amusement License Tax0.0%

Local Intergovernmental Health & Hospitals0.0%

Rents0.0%

Local Intergovernmental Public Welfare0.0%

Elementary Secondary Education School Lunch Charges0.0%

Sewerage Charges0.0%

Solid Waste Charges0.0%

Federal Intergovernmental Air Transportation0.0%

Elementary Secondary Education Not Elsewhere Classified Charges0.0%

Key Insights

1Total revenue increased by 100.6% from 2012 to 2023, representing a significant change in the state's financial position.
2Population changed by 13.2%, while per-capita revenue changed by 77.3%.
3The state's fund balances decreased by 100%, suggesting financial challenges or major capital expenditures.

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State Expense Analysis (Texas: 2012 - 2023)

Total Expenditure Trends

Operating Expenditures▲ 235%

$39,929,466,000→$133,606,993,000

Per Capita Spending▲ 196%

$1,530→$4,525

Population Trends

Population Change▲ 13.2%

26,094,422 (2012)→29,527,941 (2023)

⚠️ Spending growth significantly outpacing population growth

Public Safety Expenses

Police Protection▲ 122%

$767,126,000 (2012)→$1,706,656,000 (2023)

Fire Protection▼ 0%

$0 (2012)→$0 (2023)

Infrastructure Expenses

Highways Maintenance▲ 77%

$1,997,875,000 (2012)→$3,545,069,000 (2023)

Sewerage Operations▲ 2357%

$3,416,000 (2012)→$83,920,000 (2023)

Administrative Expenses

Financial Administration▲ 453%

$760,943,000 (2012)→$4,208,613,000 (2023)

General Expenses▲ 151%

$1,602,415,000 (2012)→$4,019,607,000 (2023)

Texas Key Insights

1Police protection spending increased by 122%, significantly outpacing population growth of 13.2%
2Per capita expenditures grew by 196%, indicating substantial service expansion or cost increases not explained by population growth alone
3General expenses increased dramatically by 151%, which may indicate classification changes, new initiatives, or reporting adjustments
4Sewerage was the fastest growing major expense category at 2357% increase

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State Debt Analysis (2012-2023)

Debt Trends

Total Long-Term Debt▲ 98%

$30,542,503,000 (2012)→$60,404,092,000 (2023)

Industrial Revenue Debt▼ 100%

$4,491,360,000 (2012)→$0 (2023)

Per Capita Debt▲ 75%

$1,170 (2012)→$2,046 (2023)

Population Trends

Population Change▲ 13.2%

26,094,422 (2012)→29,527,941 (2023)

Debt Management

Most Recent Year (2023)

Issued:$5,999,120,000

Retired:$3,109,458,000

Net Change:+$2,889,662,000

Debt Retirement Trend

$4,137,970,000 → $3,109,458,000▼ 25%

Key Insights

1The sharp increase in unspecified long-term debt suggests major capital projects or financial restructuring.
2New debt issuance significantly increased the per-resident debt burden (up 75%).