Comptroller: Texas Will Have $18B+ Surplus And Avoid Recession

A state official says a recent unexpected increase in state revenue means Texas will likely have an $18 billion surplus at the end of this two-year budget period. That was the word on Thursday from state Comptroller Glenn Hegar. In his Certified Revenue Estimate, Hegar added that the Texas economy is outperforming the national economy, and state will probably avoid an anticipated national recession.