Texas' highway fund boosted by $2.74B from excess tax revenue

AUSTIN (KXAN) — Texas' State Highway Fund received roughly $2.74 billion from excess tax revenues, Texas Comptroller Glenn Hegar's office announced last week.Hegar confirmed the additional dollars came courtesy crude oil and natural gas production tax revenues "in excess of 1987 collections," per the release. According to his office, when either tax generates more revenue than the 1987 threshold, 75% of that excess is transferred elsewhere.“These transfers into the ESF and SHF show t