Senators on the Finance Committee this week heard testimony on how the COVID pandemic, economic downturn and federal aid will affect what they can spend on state services. Committee chair and Flower Mound Senator Jane Nelson said that despite all the challenges the state faced in 2020, Texas is poised to end the current biennium with a positive bank balance. According to testimony from state Comptroller Glenn Hegar on Monday, retail sales tax collections beat projections and a law passed last year allowing the state to collect sales taxes on online purchases buoyed state revenue. Combined with federal aid and a five percent reduction in most state agency budgets implemented last summer, the state’s ledgers should be in the black when the current biennium ends in September. “We made wise investments and they are paying dividends as we keep working to defeat this virus and get the economy on track,” said Nelson.