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ESF History Table

Through Sept 30, 2023

Fiscal Year Oil Production
Tax Transfer		 Natural Gas
Production Tax
Transfer		 Unencumbered
Balance
Transfer		 Interest/
Investment
Income * †		 Net Transfers/
Expenditures †		 Ending
Balance *		 Maximum
Annual
Balance		 ESF Biennial
Cap		 End Bal
as a % of
ESF Cap		 Max Bal
as a % of
ESF Cap
1990 $                       – $       18,526,123 $                       – $             768,017 $                         – $       19,294,139 $       19,294,139 2,590,973,396 0.7 % 0.7 %
1991 – 7,779,489 – 1,920,687 (28,994,315) 1 – 28,828,893 0.0 % 1.1 %
1992 118,006,503 18,370,104 20,225,291 6,750,733 – 163,352,631 163,352,631 2,957,356,142 5.5 % 5.5 %
1993 – – – 7,383,354 (119,040,135) 2 51,695,850 167,576,000 1.7 % 5.7 %
1994 – 31,048,685 – 3,000,440 (56,640,721) 2, 3 29,104,254 79,255,886 4,134,982,882 0.7 % 1.9 %
1995 – – – 577,535 (21,548,656) 2, 3 8,133,133 29,101,290 0.2 % 0.7 %
1996 – – – 423,018 (514,635) 2, 3 8,041,517 8,348,507 4,788,944,776 0.2 % 0.2 %
1997 – – – 436,219 50 3 8,477,786 8,477,786 0.2 % 0.2 %
1998 – 47,526,206 – 2,299,758 – 58,303,750 58,303,750 5,701,820,276 1.0 % 1.0 %
1999 – 17,914,917 – 3,778,399 – 79,997,066 79,997,066 1.4 % 1.4 %
2000 – – – 4,684,904 – 84,681,970 84,681,970 6,674,876,709 1.3 % 1.3 %
2001 – 103,132,694 – 8,681,293 – 196,495,956 196,495,956 2.9 % 2.9 %
2002 – 685,804,382 – 21,635,787 – 903,936,125 903,936,125 7,475,639,977 12.1 % 12.1 %
2003 – 83,567,733 – 19,439,820 (446,456,744) 4 560,486,935 1,004,737,709 7.5 % 13.4 %
2004 – 352,565,752 – 5,519,697 (553,002,886) 4 365,569,498 365,569,498 7,451,288,798 4.9 % 4.9 %
2005 – 594,494,766 – 17,347,524 (970,462,533) 4, 5 6,949,255 879,684,007 0.1 % 11.8 %
2006 112,066,771 792,982,384 – 21,490,970 (528,299,695) 5 405,189,685 914,017,618 9,182,454,086 4.4 % 10.0 %
2007 247,340,643 1,304,528,278 – 65,793,007 (691,459,011) 5 1,331,392,602 1,865,809,248 14.5 % 20.3 %
2008 226,876,754 971,783,592 1,779,873,149 135,989,995 (90,511,804) 5 4,355,404,287 4,355,404,287 10,847,694,360 40.2 % 40.2 %
2009 678,278,598 1,563,653,292 – 128,790,420 (447,576) 5 6,725,679,021 6,725,679,021 62.0 % 62.0 %
2010 263,926,649 605,971,991 – 97,004,212 360 5 7,692,582,232 7,692,582,232 11,883,851,665 64.7 % 64.7 %
2011 357,152,197 94,321,451 – 66,994,776 (3,198,661,120) 6 5,012,389,537 8,200,095,735 42.2 % 69.0 %
2012 705,179,544 382,456,233 – 33,347,254 – 6,133,372,568 6,133,372,568 12,126,289,108 50.6 % 50.6 %
2013 1,177,888,364 701,140,488 – 29,557,446 (1,871,774,448) 7 6,170,184,418 8,038,242,343 50.9 % 66.3 %
2014 1,843,252,767 671,569,881 – 24,519,557 (2,006,015,058) 7 6,703,511,566 6,703,616,236 14,086,005,302 47.6 % 47.6 %
2015 1,252,652,760 487,426,902 – 31,404,812 (6,090,660) 7 8,468,905,380 8,469,475,701 60.1 % 60.1 %
2016 879,430,658 255,237,557 – 110,761,638 729,057 7 9,715,064,290 9,715,072,158 16,204,286,165 60.0 % 60.0 %
2017 439,511,639 – – 143,720,136 (1,047,043) 7 10,297,249,022 10,297,295,095 63.5 % 63.5 %
2018 590,797,987 143,619,922 – 162,207,176 (150,458,643) 8 11,043,415,464 11,083,827,506 16,868,457,433 65.5% 65.7 %
2019 1,072,366,090 311,748,654 – 354,758,519 (2,683,079,192) 8, 9 10,099,209,535 12,652,957,874 59.9% 75.0%
2020 1,258,106,573 407,214,083 – 304,235,796 (2,072,251,047) 8, 9 9,996,514,940 11,452,593,169 18,797,980,185 53.2% 60.9%
2021 1,011,551,951 122,136,109 – 200,122,882 (1,055,833,611) 8, 9 10,274,492,271 10,770,933,429 54.7% 57.3%
2022 1,093,972,524 363,286,991 – (263,242,770) (779,463,585) 8, 9, 10 10,689,045,430 11,412,949,241 20,260,891,219 52.8% 56.3%
2023 2,186,180,977 1,451,313,376 – 419,584,968 (579,166,159) 8, 9, 10 14,166,958,593 14,530,955,119 69.9% 71.7%
2024 YTD 2,024,688,996 1,031,473,696 2,407,268,221 (59,761,674) (12,380,086) TBD TBD 26,429,846,923 TBD TBD
Total $  17,539,228,945 $  13,622,595,731 $  4,207,366,661 $  2,111,926,305 $ (17,922,869,896) N/A N/A N/A N/A N/A
  • 1 Appropriated by S.B. 11, 71st Leg., 6th C.S.
  • 2 Appropriated by S.B. 171, 73rd Leg., R.S.
  • 3 Appropriated by S.B. 532, 73rd Leg., R.S.
  • 4 Appropriated by H.B. 7, 78th Leg., R.S.
  • 5 Appropriated by H.B. 10, 79th Leg., R.S.
  • 6 Appropriated by H.B. 275, 82nd Leg., R.S.
  • 7 Appropriated by H.B. 1025, 83rd Leg., R.S.
  • 8 Appropriated by S.B. 1, 85th Leg., R.S.
  • 9 Appropriated by S.B. 500, 86th Leg., R.S.
  • 10 Appropriated by H.B. 2, 87th Leg., R.S.
  • H.B. 903, 84th Leg., R.S. instructed the Comptroller, beginning in fiscal 2016, to invest a percentage of the fund balance in a state fiscal biennium that exceeds the amount of the sufficient balance under Government Code, Section 316.092.
  • H.J.R 3, 88th Leg., R.S., approved by voters as Proposition 5 on Nov. 7, 2023, appropriated all Economic Stabilization Fund interest, dividends, and investment earnings during fiscal 2023 to the Texas University Fund (TUF) in fiscal 2024, up to $100 million. Beginning in fiscal 2025, the previous fiscal year’s earnings appropriated from the ESF to the TUF may be increased based on the Consumer Price Index, not to exceed 2%.

Totals may not sum due to rounding.