Texas Comptroller Glenn Hegar

Comptroller projects FY 2021 shortfall of $4.6 billion

Texas Comptroller Glenn Hegar revised the Certification Revenue Estimate (CRE) and now projects a fiscal 2021 ending shortfall of $4.58 billion. The shortfall, which Hegar attributed to the COVID-19 pandemic and recent volatility in oil prices, is a decrease from the $2.89 billion positive yearend balance originally projected in the October 2019 CRE.