Texas Comptroller Glenn Hegar Projects $5 Billion Shortfall in Revised Revenue Estimate

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Texas Comptroller Glenn Hegar has revised the Certification Revenue Estimate and now projects a fiscal 2021 ending shortfall of $4.58 billion.

Hegar attributed the shortfall to the COVID-19 pandemic and recent volatility in oil prices.

The shortfall is a decrease from the $2.89 billion surplus originally projected in the October 2019 revenue estimate.

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