Business

AUSTIN—Texas Comptroller Glenn Hegar announced this week he will send cities, counties, transit systems, and special-purpose taxing districts $783.2 million in local sales tax allocations for January, 2.6 percent more than in January 2020. These allocations are based on sales made in November by businesses that report tax monthly.

Third quarterly AgriLife oil and gas miniseries is postponed The third in a series of Hemphill County AgriLife oil and gas short courses, which was scheduled for next Tuesday, Jan. 19, has been postponed and will be rescheduled at a later date.

AUSTIN—Texas Comptroller Glenn Hegar said this week that state sales tax revenue totaled $2.86 billion in December, 5 percent less than in December 2019. The majority of December sales tax revenue is based on sales made in November and remitted to the agency in December.

COLLEGE STATION—Enrollment for agricultural producers and private landowners interested in the Conservation Reserve Program (CRP) began this week and continues until Feb. 12. The competitive program, administered by USDA’s Farm Service Agency (FSA), provides annual rental payments for land devoted to conservation purposes.

The $900 billion pandemic-relief legislation passed by the U.S. Congress late Monday includes $33 billion in aid for farms, broadband, biofuels, and nutrition programs according to the Iowa Capital Dispatch.

PORTALES, N.M.—The Sagamore Wind Project, one of the largest wind farms ever built in New Mexico, is now complete and is expected to save Xcel Energy’s New Mexico and Texas customers $110 million annually in generating fuel costs by using the free and abundant wind of Roosevelt County, New Mexico, to produce clean electricity for a growing economy.

HOUSTON—Maverick Natural Resources LLC announced last week that it had acquired FourPoint Energy LLC, the largest producer in the Western Anadarko Basin. In conjunction with the all-equity merger, Four- Point became a wholly owned subsidiary of Maverick and was renamed Unbridled Resources, LLC (“Unbridled”). Both Maverick and FourPoint are majority controlled by EIG Global Energy Partners (“EIG”) managed funds.

Texas Comptroller Glenn Hegar announced this week he will send cities, counties, transit systems and special purpose taxing districts $790.3 million in local sales tax allocations for December, 3.7 percent less than in December 2019. These allocations are based on sales made in October by businesses that report tax monthly.

Farmers and ranchers across the Lone Star State will meet in Waco on Dec. 5 as part of the 87th Annual meeting of the Texas Farm Bureau (TFB), the state’s largest general farm and ranch organization. TFB delegates will meet in Waco to determine official policy positions of the organization. Delegates will debate resolutions that originate from county Farm Bureau organizations. Issues include feral hog control, performance bonds on land remediation for eminent domain projects, regulations to incentivize meatprocessing facilities, property rights, and many others. The one-day, in-person business meeting will adhere to CDC COVID-19 guidelines to ensure safety. TFB is hosting a hybrid annual meeting this year, with both virtual and in-person sessions. For more information, go to https://texasfarmbureau.org/annualmeeting/.

AUSTIN—Texas Comptroller Glenn Hegar today said state sales-tax revenue totaled $2.98 billion in November, 6.3 percent less than in November 2019. The majority of November sales tax revenue is based on sales made in October and remitted to the agency in November.