Texas’ budget increased cumulatively more than pop+inf in state funds and all funds from 2014-23, meaning spending and taxes are higher in state funds and all funds than the average taxpayer can afford, driven by excessive spending in recent years.

  • The 2023 state funds budget is $17.2 billion higher than it would have been had spending grown at the rate of population growth plus inflation over the past decade.
  • Because the state funds budget grew faster than population growth plus inflation for the last ten years, the state spent and taxed $18.7 billion more than possible.
  • The 2023 all funds budget is $29.5 billion higher than it would have been had spending grown at the rate of population growth plus inflation over the past decade.
  • Because the all funds budget grew faster than population growth plus inflation over the past decade, the state spent and taxed $63.7 billion more than possible.

State Funds Budget Data

  • Estimated FY 2024 Only State Funds Budget ($ Billions): $119.68
  • FY 2025 Only State Funds Budget Limit ($ Billions): $127.80
  • FY 2025 Only State Funds Budget Limit Growth ($ Billions): 6.79%
  • Cost per person of state funds budgeting more than pop+inf over the last decade in 2023 budget: $562
  • Cost per family of 4 of budgeting more than pop+inf over the last decade in 2023 budget: $2,249
  • Cumulative cost per person of state funds budgeting more than pop+inf over the last decade from 2014-23: $613
  • Cumulative cost per family of 4 of state funds budgeting more than pop+inf over the last decade from 2014-23: $2,450

State All Funds Budget Data

  • Estimated FY 2024 All Funds Budget ($ Billions): $172.89
  • FY 2025 All Funds Budget Limit ($ Billions): $184.62
  • FY 2025 All Funds Budget Limit Growth ($ Billions): 6.79%
  • Cost per person of all funds budgeting more than pop+inf over the last decade in 2023 budget: $967
  • Cost per family of 4 of all funds budgeting more than pop+inf over the last decade in 2023 budget: $3,870
  • Cumulative cost per person of all funds budgeting more than pop+inf over the last decade from 2014-23: $2,090
  • Cumulative cost per family of 4 of all funds budgeting more than pop+inf over the last decade from 2014-23: $8,360

Other Considerations