For Immediate Release
March 9, 2007
AUSTIN — Texas Comptroller Susan Combs today announced state sales tax revenue in February totaled $1.65 billion, up 7.0 percent compared to February 2006.
"Post-holiday sales indicate the Texas economy and our sales tax collections continue to grow, though not at the rapid pace we experienced a year ago," Combs said. "We will continue to closely monitor our state’s economic indicators such as oil and gas, the Texas housing market and consumer spending."
Combs delivered $396.8 million in March sales tax payments to Texas cities, counties, transit systems and special purpose taxing districts, a 5.6 percent increase compared to March 2006. So far this calendar year, local sales tax allocations are up 5.5 percent compared to the first three months of 2006.
State sales tax revenue for February, and March payments made to local governments today, represents sales that occurred in January.
Comptroller Combs sent March sales tax payments of $268.6 million to Texas cities, up 5.1 percent compared to March 2006. Calendar year-to-date, city sales tax allocations are running 6.5 percent higher than last year. Texas counties received sales tax payments of $24.2 million, up 5.9 percent compared to one year ago. Calendar year-to-date, county sales tax allocations are 7.6 percent higher than last year.
The 115 special purpose taxing districts around the state received $11.8 million in sales tax revenue, up 9.3 percent compared to last March. Ten local transit systems received $92 million, up 6.4 percent.
For details of March 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 sales tax allocation will be made on Friday, April 13.
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