The deficit rose after increased government spending in March and April to offset the economic losses caused by state executive orders, which shutdown economies to slow the spread of the coronavirus.
Read MoreOn Tuesday, after formal requests from the state’s leading oil producers, a marathon public hearing last month and perhaps more attention paid to it than ever before, the commission decided against imposing oil production cuts, one of the most powerful tools it could employ.
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Governor Greg Abbott today held a press conference where announced that he will be issuing an Executive Order to expand openings of certain businesses and activities. The Governor also announced new guidance from the Texas Education Agency (TEA) on graduation ceremonies and the creation of Surge Response Teams to combat any COVID-19 flare ups in Texas.
Read MoreExperts say the numbers reflect a stratified economy in which historically undervalued jobs involving caregiving or domestic work are mostly held by women.
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State sales tax collections declined as a result of efforts to stem the spread of COVID-19 through business closures, crowd limits and stay-at-home orders adopted in the state, as well as a precipitous drop in worldwide demand for oil
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