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October 2017 Luncheon
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10/25/2017
When: Wednesday, October 25, 2017
11:30 am - 1:30 pm
Where: Austin Women's Club
708 San Antonio Street
Austin, Texas  78701
United States
Contact: EWTG
412-220-4298


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Glenn Hegar photoBuilding Relationships and Balancing the Budget: An Update on the State of the Texas Economy

featuring
 

Glenn Hegar

The Texas Comptroller of Public Accounts

Elected as the 36th Texas Comptroller of Public Accounts in November 2014, Glenn Hegar continues to serve the state of Texas. Hegar is Texas' chief financial officer — the state's treasurer, check writer, tax collector, procurement officer and revenue estimator. Upon taking office, he reorganized the Comptroller's office for quicker and more effective decision-making and reduced its size by eliminating some inefficient programs and transferring others that didn't fit its core missions.

Hegar is focused on his agency's constitutional duties and committed to improving its customer service and transparency. He believes a less-burdensome tax system will foster a better environment for job creation and business expansion, and thus a healthier Texas economy. As CFO for the world's 10th-largest economy, he monitors Texas' financial health to ensure it maintains strong fund balances. He employs sound fiscal management, invests resources wisely and approaches budgeting with a consistently conservative point of view. In 2015, Hegar decided the state would not issue Texas Tax and Revenue Anticipation Notes (TRANs) for fiscal 2016. Texas has issued these short-term debt obligations for the last three decades to address periodic mismatches between revenues and expenditures during the fiscal year.

Hegar's decision to meet these cash-flows needs with the state's substantial cash balances rather than debt was a significant departure from the status quo. He also played a pivotal role during the 2015 legislative session. His attention to the state's long-term financial obligations helped focus lawmakers on important issues affecting Texas' credit rating, such as pension obligations, deferred maintenance of state facilities, transportation needs and the state's Economic Stabilization Fund, or "Rainy Day Fund." Hegar also led the effort to repeal eight minor but burdensome taxes, resulting in an administrative saving for his agency. He was also instrumental in ensuring the Legislature cut taxes and fees by $4 billion.

Prior to becoming Texas Comptroller, Hegar served in the Texas House of Representatives and Texas Senate, where he worked on a wide range of common-sense solutions to problems affecting Texans in areas such as public education, transportation, tax reform, government transparency, Second Amendment rights, water issues and tort reform. As chair of the Sunset Advisory Commission, Hegar eliminated inefficiencies in state agencies and abolished six, saving Texas taxpayers more than $160 million. In his last session as a state senator, Hegar oversaw state and local revenue matters and helped cut $1 billion worth of taxes.

Hegar is a 1993 graduate of Texas A&M University and a graduate of St. Mary's University, where he earned a Master of Arts and his law degree. At the University of Arkansas, he earned his Master of Laws. Hegar is a sixth-generation Texan who grew up farming land that has been in his family since the mid-1800s. His upbringing taught him the core values of hard work, honesty, and integrity — the same values him and his wife Dara work to instill in their three young children, Claire, Julia, and Jonah. Hegar's most important title throughout his years of service is the one closest to home: Dad!

The luncheon is held at the Austin Woman’s Club, 708 San Antonio Street, Austin, TX 78701 - view map (ample free parking located at the rear of the building at Nueces & 10th Street). Networking begins at 11:30 a.m. and lunch will be served at 11:45 a.m. The program starts at noon and concludes at 1:00 p.m. The cost is $20 for EWTG members and $25 for guests.  Remember to register early for the luncheon in anticipation of a “full house,” thank you!

Cancellations must be received forty-eight (48) hours prior to the event to receive a refund or for your registration fee to be waived.

You must log in to receive member lunch prices. Online registration will end at 10:00 am Monday, October 23, 2017.

Submitted By Barbara Chavis
EWTG Program Director

PO Box 28413, Austin, TX 78755
| 512-220-4298
| 512-692-2651 (fax)
| ewtg@ewtg.org
| ewtg.org

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