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Texas Comptroller: State Revenue Driven by Increasing Insurance Premiums

September 29, 2023

When Texas lawmakers meet next month for a special session on funding public education, they will have more money available to them to spend than they anticipated when they passed the state’s $321.3 billion budget earlier this year, Texas Comptroller Glenn Hegar said last week.

The rise in state revenue, driven largely by increasing insurance premiums, means there will be new funding opportunities to invest more money in public education, Hegar said, adding that he hoped the Legislature would focus some of the new money on teacher pay raises.

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