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June/July 2010

Texas by the Numbers

Key Economic Indicators

The Key Economic Indicators section of Texas by the Numbers is now called Tracking the Texas Economy. It has moved to the Comptroller’s new portal for information about the Texas economy and economic development, called Texas Ahead.

Some revenue and expenditure items have been reclassified, changing year-to-date totals. The ending cash balance is not affected because changes reflected in “total net revenues” and “total net expenditures” offset changes in “net interfund transfers and investments transactions” in the cash condition table.

Revenues and expenditures are reported for the most recent month available and as a running total for the current fiscal year-to-date. In addition, year-to-date figures are compared with the same period in the last fiscal year. These comparisons are reported as percentage changes, which may be positive or negative (shown by a minus sign).

Trust fund transactions are included within revenues and expenditures in the “all funds” presentations. Trust funds are not available to the state for general spending.

May Cash Condition 1

(Amounts rounded to millions of dollars)
General Revenue Other Funds Total Cash
Beginning Balance May 1, 2010 $4,749.7 $21,098.6 $25,848.3
Revenue $8,970.4 $2,554.2 $11,524.6
Expenditures $5,685.8 $2,468.5 $8,154.3
Net Income (outgo) $3,284.6 $85.7 $3,370.3
Net Interfund Transfers and Investment Transactions -$874.1 -$438.8 -$1,312.9
Total Transactions $2,410.5 -$353.1 $2,057.4
End Cash Balance May 31, 20102 $7,160.2 $20,745.5 $27,905.7

1Cash stated is from the Comptroller’s Uniform Statewide Accounting System (USAS) and will vary from the amounts reflected in the cash accounts of the Treasury Operations Division of the Comptroller’s office due to timing differences. Net amounts shown (less refunds) exclude funds that are authorized to be held outside the State Treasury and are not processed through USAS. Suspense and Trust Funds are included, as are unemployment compensation trust funds collected by the state but held in the Federal Treasury. Totals may not add due to rounding.

2The ending General Revenue Fund balance includes $3.4 billion derived from the sale of cash management notes.

State Revenue by Major Tax1

(Amounts in millions of dollars)
Tax May 2010 Fiscal Year-To-Date
May 2010
Percent change
YTD/YTD
Sales Tax $1,781.4 $14,551.7 -9.2%
Oil Production Tax $89.9 $670.6 8.0%
Natural Gas Production Tax $105.7 $531.5 -57.4%
Motor Fuels Taxes
(Gasoline, Diesel, LPG)
$258.5 $2,244.7 -0.6%
Motor Vehicle Sales/Rental & Manufactured Housing Taxes $196.6 $1,882.6 -2.7%
Franchise Tax $3,369.7 $3,645.6 -9.7%
Cigarette and Tobacco Taxes $111.8 $1,012.3 -9.7%
Alcoholic Beverages Tax $70.8 $597.6 0.6%
Insurance Companies Tax -$11.6 $789.2 3.8%
Utility Taxes2 -$13.4 $328.2 -8.6%
Inheritance Tax $0.0 $97.9 77.9%
Hotel and Motel Tax $29.1 $235.3 -8.5%
Other Taxes3 $181.3 $1,687.1 74.4%
Total Tax Collections $6,169.9 $28,274.4 -6.5%

State Revenue by Receipt Type1

(Amounts in millions of dollars)
Receipt Type May 2010 Fiscal Year-To-Date
May 2010
Percent change
YTD/YTD
Tax Collections $6,169.9 $28,274.4 -6.5%
Federal Income $3,314.5 $29,884.1 28.5%
Interest and Investment Income $58.1 $978.4 -26.2%
Licenses, fees, permits, fines, $663.2 $5,210.4 -2.7%
Contributions to Employee Benefits $493.4 $4,072.2 8.1%
Sales of Goods and Services $40.1 $306.1 -4.2%
Land Income $55.7 $559.4 -13.7%
Lottery Proceeds4 $136.1 $1,255.4 6.5%
Other Revenue Sources $593.7 $6,276.3 5.2%
Total Net Revenue $11,524.7 $76,816.8 6.6%

1 Excludes revenues for funds that are authorized to be held outside the State Treasury and are not processed through USAS. Totals may not add due to rounding.

2 Includes the utility, gas utility administration and public utility gross receipts taxes.

3 Includes the cement and sulphur taxes and other occupation and gross receipt taxes not separately identified.

4 Gross sales less retailer commissions and the smaller prizes paid by retailers.

State Expenditures by Object1

(Amounts in millions of dollars)
Object May 2010 Fiscal Year-To-Date
May 2010
Percent change
YTD/YTD
Salaries and Wages $880.6 $8,098.3 2.1%
Employee Benefits/Teacher Retirement Contribution $818.6 $7,448.3 11.4%
Supplies and Materials $77.9 $724.6 4.4%
Other Expenditures $294.9 $2,412.5 -0.6%
Public Assistance Payments $3,364.1 $33,669.0 18.8%
Foundation School Program Grants $1,028.2 $11,821.6 -20.6%
Other Public Education Grants $1,619.9 $5,518.9 43.0%
Grants to Higher Education $96.6 $863.8 -2.2%
Other Grants $216.1 $2,365.1 -5.2%
Travel $12.8 $115.3 -6.2%
Professional Services and Fees $255.7 $1,675.4 10.0%
Payment of Interest/Debt Service $27.5 $733.0 8.1%
Highway Construction and Maintenance $295.2 $2,353.3 -23.3%
Capital Outlay $41.9 $411.9 19.8%
Repairs and Maintenance $54.9 $578.3 10.0%
Communication and Utilities $32.2 $358.0 13.1%
Rentals and Leases $20.9 $213.1 1.6%
Claims and Judgments $8.6 $101.5 46.8%
Cost of Goods Sold $33.2 $315.0 -46.1%
Printing and Reproduction $2.8 $34.2 -7.7%
Total Expenditures $8,154.3 $79,811.0 5.9%

State Expenditures by Function1

(Amounts in millions of dollars)
Function May 2010 Fiscal Year-To-Date
May 2010
Percent change
YTD/YTD
Executive $587.5 $5,099.2 9.9%
Legislative $10.3 $99.8 -4.9%
Judicial $26.4 $209.5 13.8%
Government Subtotal $624.2 $5,408.5 9.7%
Health and Human Services $3,279.5 $32,790.0 19.2%
Public Safety and Corrections $422.4 $3,685.5 -4.9%
Transportation $503.4 $4,271.3 -13.8%
Natural Resources and Recreation $133.8 $1,360.4 -13.6%
Education $2,314.9 $24,197.6 -3.8%
Regulatory Agencies $22.3 $262.9 2.8%
Employee Benefits $698.5 $6,414.9 11.4%
Debt Service – Interest $27.5 $733.0 8.1%
Capital Outlay $41.9 $411.9 19.8%
Lottery Winnings Paid2 $86.0 $275.0 -24.3%
Total Expenditures $8,154.3 $79,811.0 5.9%

1 Excludes expenditures for funds that are authorized to be held outside the State Treasury and are not processed through USAS. Totals may not add due to rounding.

2 Does not include payments made by retailers. Previously shown as “Other expenditures.”

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