This is not in Texas. But it could be. Maybe. Photo by Kazuhiro Nogi/AFP via Getty Images
An unprecedented $32.7 billion surplus is about to make it rain in Texas.
Driving the news: State Comptroller Glenn Hegar said the state will also have $188.2 billion in general revenue during the 2024-2025 fiscal year, a 26% increase from the last biennium.
Why it matters: Hegar is calling it a “once-in-a-lifetime opportunity.”
- Gov. Greg Abbott tweeted that as taxpayers, the surplus is our money.
The latest: Texas leaders are already piping in with some ideas for what to do with the historic surplus.
What we’re watching: Whether any money will go toward the long-awaited but sluggish bullet train project to make travel between Houston, Dallas, Austin and San Antonio easier.
💠Our thought bubble: Here are some other very realistic options we have in mind.
- A full-fledged public transit system within major metro cities and their suburbs.
- More affordable housing projects across the state.
- Long-term housing for homeless people.
- Student debt relief for Texans with state education loans.
- Adding more solar panels to homes, giving Texans the freedom to generate their own energy.
- More resources to solve the county jails’ overpopulation.
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