For Immediate Release
April 11, 2008
State Sales Tax Collections Increase in March,
Comptroller Combs Distributes $419 Million
to Local Governments
(AUSTIN) —Texas Comptroller Susan Combs said today the state received $1.6 billion in sales tax revenue in March, up 7.4 percent compared to March 2007.
“Since the beginning of the fiscal year in September 2007, state sales tax collections have increased 7.2 percent compared to the same period in the previous fiscal year,” Combs said. “Although the national economy is slowing, here in Texas, growth in sales tax collections remains consistent.”
Combs sent $419 million in April sales tax allocations to cities, counties, transit systems and special purpose taxing districts, a 3.7 percent increase compared to April 2007. So far this calendar year, sales tax allocations to local governments are up 6.4 percent.
Comptroller Combs sent April sales tax allocations of $281 million to Texas cities, up 3.2 percent compared to April 2007. Calendar year-to-date, city sales tax allocations are running 6 percent higher than last year. Texas counties received sales tax payments of $25.9 million, up 4.4 percent compared to one year ago. Calendar year-to-date, county sales tax allocations are 6.5 percent higher than last year.
In addition, $14.2 million went to 126 special purpose taxing districts around the state, up 13.1 percent compared to last April. Ten local transit systems received $97.8 million in sales tax rebates, up 3.9 percent compared to a year ago.
March state sales tax revenue 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 9.