AUSTIN – Lt. Gov. Dan Patrick issued this statement today following the release of Texas Comptroller Glenn Hegar’s Biennial Revenue Estimate:
“Since I’ve become Lt. Governor, we’ve taken the utmost care to manage our budget wisely and conservatively. The Texas economy is red-hot. We are leading the United States forward in the global marketplace and it is clear for all to see.
“Comptroller Hegar’s Biennial Revenue Estimate is further proof of the true might of our economy. Our conservative policies, including no income tax and minimal regulation, attract businesses and grow jobs.
“Our commitment to keeping our state open during the COVID-19 pandemic is another key reason why our state enters the upcoming 2024-2025 biennium in a position of strength. Every member of the Texas Senate will have ideas on how to use this unprecedented revenue. We will introduce our budget in the coming days. As I stated previously in my November press conference, Texas taxpayers must first receive tax relief before we commit to any new spending.
“Additionally, we must not spend all the money. We must keep a responsible reserve in case Joe Biden’s inflationary policies and out-of-control spending causes a national recession in 2023 and 2024.
“There are a range of challenges facing our state – first and foremost, reinforcing our grid with dispatchable power – but I am confident that we can continue to strengthen Texas so it remains the best place to live, work, raise a family and start a business.”