Texas 2036, a nonprofit and nonpartisan public policy research and advocacy organization, has released a primer on the state's budget.
According to Texas 2036, the state budget is a critical piece of legislation that lawmakers must pass every session. The blog post published on October 21 outlines that the budget dictates how the state allocates its revenue for each two-year cycle. The functionality of the state government is closely tied to the budget's authority to spend money.
The post further explains that nearly 60% of the state budget is funded by sales tax, which serves as the largest source of state funding. It states that the current two-year Texas budget amounts to $321.7 billion from all revenue sources. Despite the legislative session typically lasting 140 days, drafting the budget is described as a year-round activity.