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Gas prices level off, for the moment

Texas gas prices are unchanged in the past week, averaging $2.09/g today, according to GasBuddy’s daily survey of 13,114 stations. Gas prices in Texas are 16.5 cents per gallon higher than a month ago and stand 10.6 cents per gallon lower than a year ago.

Breckenridge will receive $142,770 for local sales tax allocations

Breckenridge will receive $142,770 for local sales tax allocations

Texas Comptroller Glenn Hegar announced he will send cities, counties, transit systems and special purpose taxing districts $783.2 million in local sales tax allocations for January, 2.6 percent more than in January 2020. These allocations are based on sales made in November by businesses that report tax monthly.

87th Legislative session opens amid virus, economic worries

It was a muted start to this year’s legislative session in Austin Tuesday as lawmakers returned to tackle the biggest public health crisis in living memory and the economic downturn it caused. The normal raucous hallways and packed galleries of past opening days were replaced by quiet on a day usually filled with ceremony and celebration as the pandemic kept constituents and well-wishers at home. One day before, state Comptroller Glenn Hegar laid out his projected forecast for state revenue for the next two fiscal years, telling lawmakers how much they’ll have to work with as they look to pay for state services over the upcoming biennium. “The pandemic, which resulted in steep declines in key sources of revenue in the later half of fiscal [year] 2020 and has continued to drag down collections in fiscal [year] 2021 wiped out a projective positive ending balance and has turned it into a currently projected deficit of nearly $1 billion,” said Hegar.

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