The subject of this week’s article is Texas’ state revenue (income) - how much it is and where it comes from. The three sources of revenue are taxes, federal income and non-tax income.
For the upcoming 2021-2022 budget year, taxes are estimated to bring in $107.3 billion, 88% of all revenue.
There are 12 categories of taxes, but the top five categories account for 89% of the total revenue. Those fiv…
