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The coronavirus pandemic has steered the economy into the path of a recession. In Texas, the state’s unemployment rate remains high, and nearly 3 million people have filed for unemployment relief since mid-March. The week ending July 18, a total of 86,821 Texans filed initial applications for unemployment relief. Texas’ sales tax revenues — the largest source of funding for the state budget — have also dropped and are expected to create a shortfall that officials will have to fill.
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