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Record surplus from previous biennium

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The Texas Tribune piece, "Texas lawmakers will have $188.2 billion available for the next budget after record-breaking revenue growth," discusses Texas's revenue and spending priorities going into the legislative session that will pass the state's 2024-2025 biennial budget. According to the article, what is/are the reason(s) that the state is boasting record revenue as well as record surplus from the previous biennium?

Reference no: EM133449047

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