PRESS RELEASE: Fiscal Notes: Federal Funding is Vital Portion of the State Budget
Texas Comptroller of Public Accounts sent this bulletin at 11/14/2017 11:16 AM CST
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November 14, 2017 Fiscal Notes: Federal Funding is Vital Portion of the State Budget (AUSTIN) — In the latest issue of Fiscal Notes, released today, the Comptroller’s office examines the role federal funding plays in state finances. In 2016, Texans sent the federal government $261 billion in taxes and the state government received $39.5 billion in federal grants in return, or about 15 percent of our total federal tax tab. Those grants pay for programs in education, health care, infrastructure and other purposes. “The missions of our federal, state and local governments are distinct but intertwined,” Texas Comptroller Glenn Hegar said. “Texans pay federal income tax, so it's important to examine and monitor the value our state gets back from the folks in Washington.” In November Fiscal Notes, the Comptroller’s office also takes a look at the rising importance of “telehealth” in Texas — various technologies that allow doctors and other health care professionals to consult with and treat patients through audio-visual connections. Fiscal Notes is available online and also can be received by subscribing via the Comptroller’s website. Fiscal Notes helps promote and further explain the Comptroller’s constitutional responsibility to monitor the state’s economy and estimate state government revenues. It has been published since 1975, featuring in-depth analysis concerning state finances and original research by subject-matter experts in the Comptroller’s office. |
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