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November 10, 2011

Comptroller Launches Tool for Tracking State Revenues

Web Resource Compiles Present, Past Revenue Data for Easy Comparison

(AUSTIN) — Texas Comptroller Susan Combs this week launched a new online resource called Monthly State Revenue Watch to provide a regular snapshot of state revenue collections with side-by-side comparisons to previous year collections and the fiscal year revenue estimate.

“As Comptroller, I work to keep taxpayers, lawmakers and the media abreast of the state’s financial situation,” Combs said. “The Monthly State Revenue Watch is a part of that effort, offering visitors a user-friendly look at some of the most important indicators of Texas’ fiscal health — as well as the context necessary to make sense of the numbers.”

The Monthly State Revenue Watch Web page displays monthly totals for nearly two dozen state revenue sources, including sales taxes, federal funds and lottery proceeds. Site visitors can compare year-to-date and monthly totals with the equivalent totals from the previous year. Visitors can also view the estimated revenue for a given category for the full fiscal year.

Revenue data has been available previously on the Comptroller’s Window on State Government website and on the Texas Transparency website; however, the new page provides a monthly comparison for easier tracking, in addition to revenue estimates for each source.

“In dynamic economic times, Texas leaders can use this information to take the state’s fiscal pulse,” Combs said. “Transparency initiatives like the Monthly State Revenue Watch make Texas government more efficient. Opening our books and making them easier to use allows our government to function with accountability.”

The Monthly State Revenue Watch marks Combs’ latest effort in her initiative to increase government transparency. Combs’ advocacy on the issue as Comptroller began on her fourth day in office, when she provided Texans an unprecedented view of state spending by publishing her office’s expenditure data online.

To see the latest state revenue data — and to see how it compares with the past year and official estimates — visit the Monthly State Revenue Watch at http://window.texas.gov/taxbud/bre2012/revenueWatch/. Visitors can also sign up for e-mail updates on the page to be notified when new data is available each month.

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