July 25, 2016 5:54 PM

Comptroller: Nation outpaces Texas in job growth for the first time in recent memory

But Hegar said “Our economy is doing much better than what I like to call our sister energy states.”

The Texas economy is growing at a significantly slower pace this year and growth will likely be similar in the next fiscal year, Comptroller Glenn Hegar told the Legislative Budget Board on Monday.

Real GDP growth in Texas in Fiscal Year 2015 was 4.5 percent. Projected growth in GDP for this state in 2016 will be about 1.3 percent and it will pick up slightly to 2.6 percent in 2017, according to the Comptroller.

Despite the much slower growth, Hegar still sounded upbeat about the future of the state’s economy.

By Scott Braddock