For Immediate Release
November 9, 2007
(AUSTIN) — The state collected $1.65 billion in sales tax revenue in October, up 3.1 percent compared to October 2006.
“This increase is less than the growth seen in recent months, but it is an increase over exceptional October 2006 collections,” Texas Comptroller Susan Combs said. “The lower growth rate is a reflection of a general easing of sales activity, most noticeable in the retail trade sector, and is consistent with a slowing economy.”
Today, Combs distributed $525.3 million in November sales tax rebates to cities, counties, transit systems and special purpose taxing districts. Local sales tax allocations are up 4 percent compared to November 2006.
Combs sent Texas cities $359.4 million in sales tax allocations, up 3 percent compared to November 2006. So far this calendar year, city sales tax allocations are up 6.6 percent compared to the same time period last year. Texas counties received November sales tax allocations of $30.4 million, up 6.4 percent compared to one year ago. For the calendar year–to–date, county sales tax allocations are running 8.2 percent ahead of 2006.
The 122 special purpose taxing districts around the state received $16.6 million in sales tax, up 14.8 percent compared to last November. Ten local transit systems received $118.9 million in November sales tax rebates, up 4.9 percent compared to a year ago.
October state sales tax collections and November sales tax allocations to local governments represent September sales reported to the Comptroller in October by monthly tax filers and July, August and September sales reported to the Comptroller in October by quarterly tax filers.
For details of November 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 Comptrollerís 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, Dec. 14.
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