Inflation, high energy prices mean the Texas Legislature will have unprecedented funds to allocate next year

Texas lawmakers will have an extra $27 billion to spend in 2023, according to the state comptroller. (Credit: Jordan Vonderhaar for The Texas Tribune)

Record-high tax revenues over the last year will give Texas lawmakers an astounding extra $27 billion to spend in the 2023 legislative session, the state’s top accountant said Thursday.

In total, lawmakers will have $149.07 billion in general funds, Comptroller Glenn Hegar said. Going into the last regular legislative session in 2021, lawmakers had $112.5 billion at their disposal.