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State budget outlook not as dire as expected, comptroller says

DECEMBER 1, 2020 | by Mitchell Ferman | THE FACTS (TEXAS)

By Mitchell Ferman, includes “Sales tax revenues, by far the largest part of the state budget, fell by 4.8 percent in the second half of the 2020 fiscal year compared with the same stretch last year, Hegar said. It was a much softer hit than he anticipated, thanks to Texans staying home and spending money on ‘staycations instead of vacations.’ …”

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