Texas Budget Process - Step 3: BRE

Question-and-answer flashcards reviewing the Biennial Revenue Estimate (BRE) step of the Texas budget process.

What does BRE stand for in the Texas budget process?

Biennial Revenue Estimate

Who creates the BRE?

The Texas Comptroller of Public Accounts

What is the purpose of the BRE?

To estimate how much revenue Texas will collect over the next two years and set a spending limit for the Legislature.

Why is the BRE important?

It ensures the Legislature does not spend more than the state can afford, helping maintain a balanced budget.

What sources of revenue are included in the BRE?

Sales tax, oil & gas revenues, fees, and other state income.

When is the BRE released?

At the start of each legislative session, in January of odd-numbered years.

What happens if the Legislature wants to spend more than the BRE allows?

They need a 4/5 vote in both the House and Senate to exceed the BRE.

What is meant by a 'balanced budget' in Texas?

The state cannot spend more money than it has available, based on the BRE.