State of Texas remains optimistic of economic growth

(AP) - Rising oil prices and economic growth has Texas officials projecting more money in the bank.

Photo credit: MGN Online State of Texas

Texas Comptroller Glenn Hegar raised his revenue estimate by nearly $3 billion dollars but warned that a trade war or a U.S. withdrawal from NAFTA could sour that outlook between now and January.

That’s when the Texas Legislature will return facing a list of big expenses.

Lawmakers underfunded Medicaid by more than $2 billion and bills remain from Hurricane Harvey.

Teachers are also expected to pressue the GOP-controlled legislature for money in the wake of protests by educators across the country.