How much oil did Texas produce in 2025?
More than a few barrels I’m guessing
2.1 billion barrels.
Just on oil alone, Texas collected $7,728,000 in taxes based on $80/BBL
Is it just $7.7 million or more ?
Texas budget - $338 billion.
Texas lawmakers entered the 2025 legislative session with a nearly $24 billion budget surplus. This surplus, fueled by the state’s robust economic growth and robust sales tax revenues, provided legislators with significant flexibility to craft the state’s $338 billion budget for the 2026–2027 cycleemphasized text
Right… seems low.
Think it’s more like $5.3 billion from oil and $2.4 billion from natural gas.
So…just missed set of triple zeros maybe. Sales tax is the big dog.
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Just from oil extracted from the ground. $3.68/bbl
In 2025 Texas produced 13.2 trillion mcf of natural gas. That generated between $9 - $10 billion in tax revenue
Conversely, there is no Texas tax on energy created by solar energy…yet.
Is that same for wind as well ?
Texas offers significant tax benefits for wind energy, including a 100% property tax exemption for on-site wind devices and franchise tax exemptions for manufacturers and installers.
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It would be interesting if state aggregated local level property taxes were added to this chart.
Thanks for finding and sharing this. The article is worth a read.
So at the 20,000 foot level, property taxes make up twice the tax burden compared to all other sources. There has to be a better way to fund government.
From the article: Texans never truly own their homes. They rent them from the government for life, making property taxes both economically destructive and fundamentally unjust.
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