Personal income in Texas is expected to fall 2.6% in 2021 without more COVID-19-related federal economic support.
This prediction was made in the TX Comptroller’s recently released Comprehensive Annual Financial Report. Personal income growth is expected to resume in 2022. Underlying the growth is an increase in the TX population, states the report. Recent U.S. Census Bureau estimates show that six of the nation’s 15 fastest growing large cities from 2010 through 2019 were in TX, including Frisco (first), New Braunfels (third) and McKinney (fourth). TX’s population is projected to grow by a further 1.2% in 2021 to reach 29.7 million. Read the report: https://bit.ly/3baf3Da