State Comptroller’s Office Predicting Shortfall In Upcoming Budget

Photo by Stuart Seeger

Texas Comptroller Glenn Hegar is now projecting a deficit of more than $4-billion for the state’s upcoming budget based on the Coronavirus shutdown and the volatile oil and gas industry. Hegar also warned lawmakers that some economic indicators would establish new records for rates of growth in the coming months. Still, those records will be on the back of this year’s unprecedented declines.