For Immediate Release:
Friday, October 13, 2006
Contact: Dick Ellis or Sheila Clancy
State Sales Tax Collections Increase 13.7 Percent
Comptroller Strayhorn Delivers $415.5 Million to Local Governments
(Austin)--Texas Comptroller Carole Keeton Strayhorn said today that the state took in $1.51 billion dollars in sales tax in September, a 13.7 percent increase over September 2005.
Strayhorn sent $415.5 million in monthly sales tax payments to Texas cities, counties, transit systems and special purpose taxing districts, up 14.3 percent compared to last October. So far in 2006, local sales tax allocations are 14.7 percent ahead of last year.
September state sales tax collections and October allocations of local tax revenue represent sales that occurred in August. The sales tax growth reflects the overall strength of the Texas economy. The increase in tax revenue is due in part to August's three-day Sales Tax Holiday that annually packs stores with Texans and out-of-state shoppers who splurge on taxable items along with tax-free clothing and shoes.
Strayhorn sent sales tax allocations of $282.6 million to Texas cities, 14.4 percent more than October 2005. Calendar year-to-date, city sales tax allocations are up 14.2 percent. Texas counties received October sales tax payments of $25.4 million, up 17.6 percent compared to a year ago. Calendar year-to-date, county sales tax allocations are 16.5 percent higher than last year.
The 110 special purpose taxing districts around the state received $12.2 million in sales tax, up 18 percent compared to last October. So far this year, sales tax allocations to special purpose districts are up 17.3 percent compared to 2005. Ten local transit systems received $95.1 million in October sales tax allocations, up 12.8 percent compared to a year ago. Year-to-date, transit sales tax revenues are up 15.2 percent.
For details of October sales tax payments to individual cities, counties, transit systems and special purpose districts, locate the Monthly Sales and Use Tax Allocation Comparison Summary Reports on the Comptroller's Web site at www.window.state.tx.us/taxinfo/allocsum/compsum.html.
The Comptroller's next local sales tax allocation will be made on Friday, November 10.