-The comptroller of public accounts is elected to a four-year term. She's responsible for tax collection, accounting, and estimating revenue for the state, and acts as custodian of state funds and investments.
-Texas operates under a balanced budget requirement, or pay-as-you-go principle. This means that by law the state legislature cannot adopt a budget that exceeds anticipated revenue—in other words, the legislature is formally forbidden from spending more than it collects.
-Overriding the comptroller requires a nearly impossible four-fifths majority in both houses of the legislature.
-Collecting taxes imposed by the state (e.g., sales tax, motor fuel tax, inheritance tax)
-Facilitating payment of those taxes by providing forms, schedules, and other taxpayer assistance
-Returning abandoned money and property (search on the comptroller's site to see if you or someone you know has unclaimed property)
-At this point, the state banking responsibilities that had belonged to the treasurer were added to the comptroller's tax and revenue duties.