Texas’ budget increased cumulatively less than pop+inf in state funds and all funds from 2014-23, meaning spending and taxes are lower in state funds and all funds than the average taxpayer can afford. 

  • The 2023 state funds budget is $3.5 billion lower 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 slower than population growth plus inflation for the last ten years, the state spent and taxed $15.5 billion less than possible.
  • The 2023 all funds budget is $7.4 billion lower 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 slower than population growth plus inflation over the past decade, the state spent and taxed $22.0 billion less than possible.

State Funds Budget Data

  • Estimated FY 2024 Only State Funds Budget ($ Billions): $78.66
  • FY 2025 Only State Funds Budget Limit ($ Billions): $84.00
  • FY 2025 Only State Funds Budget Limit Growth ($ Billions): 6.79%
  • Cost per person of state funds budgeting more than pop+inf over the last decade in 2023 budget: ($116)
  • Cost per family of 4 of budgeting more than pop+inf over the last decade in 2023 budget: ($465)
  • Cumulative cost per person of state funds budgeting more than pop+inf over the last decade from 2014-23: ($510)
  • Cumulative cost per family of 4 of state funds budgeting more than pop+inf over the last decade from 2014-23: ($2,038)

State All Funds Budget Data

  • Estimated FY 2024 All Funds Budget ($ Billions): $119.84
  • FY 2025 All Funds Budget Limit ($ Billions): $127.97
  • FY 2025 All Funds Budget Limit Growth ($ Billions): 6.79%
  • Cost per person of all funds budgeting more than pop+inf over the last decade in 2023 budget: -244
  • Cost per family of 4 of all funds budgeting more than pop+inf over the last decade in 2023 budget: -975
  • Cumulative cost per person of all funds budgeting more than pop+inf over the last decade from 2014-23: -723
  • Cumulative cost per family of 4 of all funds budgeting more than pop+inf over the last decade from 2014-23: -2,890

Other Considerations