Texas Fiscal Statistics

StatisNostics/State Financials/Texas

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20122022

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State Revenue Analysis (Texas: 2012–2022)

Population: 26,094,422 → 29,360,759 (12.5% change)

Overall Revenue Trends

Total Revenue▲ 94.8%

$108,326,381,000 (2012)→$211,026,962,000 (2022)

Per Capita Revenue▲ 73.1%

$4,151 (2012)→$7,187 (2022)

Fund Balances▼ 100%

$113,046,186,000 (2012)→$0 (2022)

Revenue Volatility✓ Low

Avg. fluctuation: 7.0%

Major Tax Revenue

Sales Tax▲ 68.5%

$29,002,557,000 (2012)→$48,866,003,000 (2022)

Utility Revenue

Sewerage Charges▼ 76.9%

$294,000 (2012)→$68,000 (2022)

Solid Waste Charges▼ 15.5%

$72,232,000 (2012)→$61,013,000 (2022)

Growth Analysis

Fastest Growing Revenue Sources

Local Intergovernmental Other▲ 102959.8%

$82,000→$84,509,000

Federal Intergovernmental Health & Hospitals▲ 998.8%

$1,650,106,000→$18,131,396,000

Royalties▲ 452.0%

$443,276,000→$2,446,835,000

Declining/Slowest Growing Sources

Local Intergovernmental Health & Hospitals▼ 99.6%

$110,976,000→$475,000

Federal Intergovernmental Air Transportation▼ 87.7%

$10,517,000→$1,291,000

Sewerage Charges▼ 76.9%

$294,000→$68,000

Revenue Forecast

Projected Revenue (Next Year)▲ 13.7%

Estimated: $240,007,008,008

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%

2022 Revenue Breakdown

Total General Sales Taxes23.2%

Federal Intergovernmental Public Welfare20.3%

Federal Intergovernmental Health & Hospitals8.6%

Severance Tax5.2%

Federal Intergovernmental Education4.7%

Hospital Charges4.2%

Higher Education Tuition Charges4.0%

Miscellaneous General Revenue Not Elsewhere Classified3.6%

Other Selective Sales Taxes3.6%

Interest Earnings2.4%

Local Intergovernmental Education2.2%

Federal Intergovernmental Highways2.1%

Motor Fuels Sales Tax1.8%

Unemployment - Contribution1.5%

Insurance Premium Tax1.5%

Federal Intergovernmental Other1.4%

Net Lottery Revenue1.3%

Donations From Private Sources1.2%

Royalties1.2%

Motor Vehicle License1.1%

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%

Workers Compensation - Interest Earnings0.2%

Federal Intergovernmental Other Natural Resources0.2%

Fines & Forfeits0.1%

Toll Highway Charges0.1%

Corporation License Tax0.1%

Other License Tax0.1%

Motor Vehicle Operators License0.1%

Hunting & Fishing License0.1%

Alcoholic Beverage License Tax0.0%

Federal Intergovernmental Employment Security Administration0.0%

Federal Intergovernmental Sewerage0.0%

Local Intergovernmental Other0.0%

Natural Resources Not Elsewhere Classified Charges0.0%

Federal Intergovernmental Housing & Community Development0.0%

Parks & Recreation Charges0.0%

Solid Waste Charges0.0%

Sale of Property0.0%

Rents0.0%

Regular Highway Charges0.0%

Education Other State Charges Not Elsewhere Classified0.0%

Public Utility License Tax0.0%

Housing & Community Development Charges0.0%

Amusement Tax0.0%

Amusement License Tax0.0%

Unemployment - Interest Revenue0.0%

Parimutuels Tax0.0%

Local Intergovernmental Public Welfare0.0%

Federal Intergovernmental Air Transportation0.0%

Local Intergovernmental Health & Hospitals0.0%

Elementary Secondary Education School Lunch Charges0.0%

Sewerage Charges0.0%

Elementary Secondary Education Not Elsewhere Classified Charges0.0%

Key Insights

1Total revenue increased by 94.8% from 2012 to 2022, representing a significant change in the state's financial position.
2Population changed by 12.5%, while per-capita revenue changed by 73.1%.
3The state's fund balances decreased by 100%, suggesting financial challenges or major capital expenditures.

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State Expense Analysis (Texas: 2012 - 2022)

Total Expenditure Trends

Operating Expenditures▲ 215%

$39,929,466,000→$125,692,726,000

Per Capita Spending▲ 180%

$1,530→$4,281

Population Trends

Population Change▲ 12.5%

26,094,422 (2012)→29,360,759 (2022)

⚠️ Spending growth significantly outpacing population growth

Public Safety Expenses

Police Protection▲ 91%

$767,126,000 (2012)→$1,466,438,000 (2022)

Fire Protection▼ 0%

$0 (2012)→$0 (2022)

Infrastructure Expenses

Highways Maintenance▲ 65%

$1,997,875,000 (2012)→$3,304,248,000 (2022)

Sewerage Operations▲ 4458%

$3,416,000 (2012)→$155,685,000 (2022)

Administrative Expenses

Financial Administration▲ 347%

$760,943,000 (2012)→$3,400,196,000 (2022)

General Expenses▲ 146%

$1,602,415,000 (2012)→$3,944,476,000 (2022)

Texas Key Insights

1Per capita expenditures grew by 180%, indicating substantial service expansion or cost increases not explained by population growth alone
2General expenses increased dramatically by 146%, which may indicate classification changes, new initiatives, or reporting adjustments
3Sewerage was the fastest growing major expense category at 4458% increase

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State Debt Analysis (2012-2022)

Debt Trends

Total Long-Term Debt▲ 94%

$30,542,503,000 (2012)→$59,351,444,000 (2022)

Industrial Revenue Debt▼ 100%

$4,491,360,000 (2012)→$0 (2022)

Per Capita Debt▲ 73%

$1,170 (2012)→$2,021 (2022)

Population Trends

Population Change▲ 12.5%

26,094,422 (2012)→29,360,759 (2022)

Debt Management

Most Recent Year (2022)

Issued:$5,151,282,000

Retired:$3,342,376,000

Net Change:+$1,808,906,000

Debt Retirement Trend

$4,137,970,000 → $3,342,376,000▼ 19%

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 73%).