Texas Fiscal Statistics

StatisNostics/State Financials/Texas

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20122021

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State Revenue Analysis (Texas: 2012–2021)

Population: 26,094,422 → 28,995,881 (11.1% change)

Overall Revenue Trends

Total Revenue▲ 81.9%

$108,326,381,000 (2012)→$197,035,327,000 (2021)

Per Capita Revenue▲ 63.7%

$4,151 (2012)→$6,795 (2021)

Fund Balances▲ 102.9%

$113,046,186,000 (2012)→$229,356,375,000 (2021)

Revenue Volatility✓ Low

Avg. fluctuation: 7.0%

Major Tax Revenue

Sales Tax▲ 39.3%

$29,002,557,000 (2012)→$40,413,873,000 (2021)

Utility Revenue

Sewerage Charges▲ 23.8%

$294,000 (2012)→$364,000 (2021)

Solid Waste Charges▼ 25.6%

$72,232,000 (2012)→$53,714,000 (2021)

Growth Analysis

Fastest Growing Revenue Sources

Local Intergovernmental Other▲ 97024.4%

$82,000→$79,642,000

Federal Intergovernmental Health & Hospitals▲ 1919.4%

$1,650,106,000→$33,322,127,000

Miscellaneous General Revenue Not Elsewhere Classified▲ 264.2%

$3,099,009,000→$11,287,925,000

Declining/Slowest Growing Sources

Federal Intergovernmental Air Transportation▼ 99.6%

$10,517,000→$38,000

Federal Intergovernmental Sewerage▼ 57.6%

$201,959,000→$85,594,000

Local Intergovernmental Public Welfare▼ 56.6%

$5,227,000→$2,271,000

Revenue Forecast

Projected Revenue (Next Year)▲ 15%

Estimated: $226,533,191,174

Based on 3-year revenue trend

Revenue Composition

2012 Revenue Sources

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%

2021 Revenue Sources

Total General Sales Taxes20.5%

Federal Intergovernmental Public Welfare17.5%

Federal Intergovernmental Health & Hospitals16.9%

Miscellaneous General Revenue Not Elsewhere Classified5.7%

Hospital Charges4.3%

Higher Education Tuition Charges4.0%

Federal Intergovernmental Education3.9%

Other Selective Sales Taxes3.3%

Federal Intergovernmental Highways2.9%

Severance Tax2.6%

Local Intergovernmental Education1.9%

Interest Earnings1.9%

Motor Fuels Sales Tax1.8%

Federal Intergovernmental Other1.4%

Insurance Premium Tax1.4%

Donations From Private Sources1.1%

Net Lottery Revenue1.1%

Motor Vehicle License1.1%

Unemployment - Contribution1.0%

Tobacco Sales Tax0.7%

Alcoholic Beverage Sales Tax0.6%

Royalties0.6%

Higher Education Auxiliary Charges0.6%

Workers Compensation - Other Contributions0.5%

Public Utilities Tax0.4%

All Other Not Elsewhere Classified Charges0.3%

Occupation & Business License Not Elsewhere Classified0.3%

Workers Compensation - Interest Earnings0.2%

Fines & Forfeits0.2%

Federal Intergovernmental Other Natural Resources0.2%

Corporation License Tax0.1%

Toll Highway Charges0.1%

Local Intergovernmental Health & Hospitals0.1%

Motor Vehicle Operators License0.1%

Federal Intergovernmental Employment Security Administration0.1%

Other License Tax0.1%

Hunting & Fishing License0.1%

Federal Intergovernmental Sewerage0.0%

Federal Intergovernmental Housing & Community Development0.0%

Local Intergovernmental Other0.0%

Alcoholic Beverage License Tax0.0%

Federal Intergovernmental Water Utilities0.0%

Parks & Recreation Charges0.0%

Natural Resources Not Elsewhere Classified Charges0.0%

Sale of Property0.0%

Solid Waste Charges0.0%

Education Other State Charges Not Elsewhere Classified0.0%

Regular Highway Charges0.0%

Public Utility License Tax0.0%

Amusement Tax0.0%

Housing & Community Development Charges0.0%

Rents0.0%

Amusement License Tax0.0%

Parimutuels Tax0.0%

Local Intergovernmental Public Welfare0.0%

Sewerage Charges0.0%

Elementary Secondary Education School Lunch Charges0.0%

Elementary Secondary Education Not Elsewhere Classified Charges0.0%

Federal Intergovernmental Air Transportation0.0%

Key Insights

1Total revenue increased by 81.9% from 2012 to 2021, representing a significant change in the state's financial position.
2Population changed by 11.1%, while per-capita revenue changed by 63.7%.
3The state's fund balances increased by 102.9%, suggesting improved fiscal health.

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State Expense Analysis (Texas: 2012 - 2021)

Total Expenditure Trends

Operating Expenditures▲ 67%

$39,929,466,000→$66,853,660,000

Per Capita Spending▲ 51%

$1,530→$2,306

Population Trends

Population Change▲ 11.1%

26,094,422 (2012)→28,995,881 (2021)

⚠️ Spending growth significantly outpacing population growth

Public Safety Expenses

Police Protection▲ 62%

$0 (2012)→$0 (2021)

Fire Protection▼ 0%

$0 (2012)→$0 (2021)

Infrastructure Expenses

Highways Maintenance▲ 50%

$0 (2012)→$0 (2021)

Sewerage Operations▲ 2853%

$0 (2012)→$0 (2021)

Administrative Expenses

Financial Administration▲ 131%

$0 (2012)→$0 (2021)

General Expenses▲ 146%

$0 (2012)→$0 (2021)

Texas Key Insights

1Per capita expenditures grew by 51%, 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 2853% increase

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State Debt Analysis (2012-2021)

Debt Trends

Total Long-Term Debt▲ 26%

$30,542,503,000 (2012)→$38,446,166,000 (2021)

Industrial Revenue Debt▼ 35%

$4,491,360,000 (2012)→$2,897,765,000 (2021)

Per Capita Debt▲ 13%

$1,170 (2012)→$1,326 (2021)

Population Trends

Population Change▲ 11.1%

26,094,422 (2012)→28,995,881 (2021)

Debt Management

Most Recent Year (2021)

Issued:$2,472,198,000

Retired:$11,808,408,000

Net Change:$-9,336,210,000

Debt Retirement Trend

$4,137,970,000 → $11,808,408,000▲ 185%

🔄 Significant change in retirement strategy detected

Key Insights

1There appears to be a significant shift in debt management strategy between 2012-2021, with a move toward higher debt levels.