Texas Comptroller’s Exit Opens New Chapter for Budget Office

Princeton, Texas — Acting Texas Comptroller Kelly Hancock will step down at the end of July, leaving the statewide office that manages Texas revenue estimates, tax collection and other core finance duties.

Princeton, about 40 miles northeast of Dallas in Collin County, has roughly 22,000 residents and is among the fast-growing communities east of McKinney.

The Texas Tribune reported that Hancock submitted a resignation letter to Gov. Greg Abbott on Wednesday, one year after Abbott selected him to replace Glenn Hegar, who left to become chancellor of the Texas A&M University System.

Hancock’s tenure included the start of Texas Education Freedom Accounts, the state’s $1 billion private-school voucher program. The comptroller’s office is responsible for implementing that program along with its long-running role in state finances.

Kelly led the Comptroller’s office during a pivotal chapter for Texas, Abbott wrote on social media, according to The Texas Tribune.

Hancock, a Republican from North Richland Hills and former state lawmaker, lost the Republican primary for a full term to Don Huffines. Huffines is set to face Democratic state Sen. Sarah Eckhardt of Austin in the general election.

The comptroller’s office is a central part of state budgeting because it estimates revenue available to lawmakers. The Texas Tribune reported that Texas operates a $337 billion budget and takes in more than a quarter trillion dollars in revenue.

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Source: https://www.texastribune.org/2026/07/01/texas-comptroller-kelly-hancock-resigns-greg-abbott-don-huffines/