For Immediate Release
April 13, 2007
State Sales Tax Collections Increase in March,
Comptroller Combs Distributes $404 Million to Local Governments
AUSTIN —Texas Comptroller Susan Combs said today the state received $1.53 billion in sales tax revenue in March, up 11.9 percent compared to March 2006.
“The national economy is showing signs of a slowdown, particularly in the housing sector, but we are still seeing healthy growth in the Texas economy and a corresponding growth in state sales tax revenue,” Combs said.
Local sales tax revenues also continue to grow. Combs sent $404 million in April sales tax allocations to cities, counties, transit systems and special purpose taxing districts, a 9.7 percent increase compared to April 2006. So far this calendar year, sales tax allocations to local governments are up 6.4 percent.
Comptroller Combs sent April sales tax allocations of $272.4 million to Texas cities, up 9.3 percent compared to April 2006. Calendar year-to-date, city sales tax allocations are running 7.1 percent higher than last year. Texas counties received sales tax payments of $24.8 million, up 11.1 percent compared to one year ago. Calendar year-to-date, county sales tax allocations are 8.4 percent higher than last year.
Another $12.5 million went to 115 special purpose taxing districts around the state, up 17.2 percent compared to last April. Ten local transit systems received $94.1 million in sales tax rebates, up 9.8 percent compared to a year ago.
State sales tax revenue for March, and April payments made to local governments today, represent sales that occurred in February.
For details of April sales tax payments to individual cities, counties, transit systems and special purpose districts, visit the Monthly Sales and Use Tax Allocation Comparison Summary Reports page 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, May 11.