For Immediate Release
June 13, 2008
Comptroller Combs Distributes $459 Million in Local Sales Tax
(AUSTIN) —Texas Comptroller Susan Combs today announced that the state collected $1.8 billion in sales tax revenue in May, a 4.7 percent increase over May 2007.
“For the first nine months of fiscal 2008, state sales tax collections are up 5.8 percent over the same period in fiscal 2007,” Combs said. “While increases are smaller than in 2006 and 2007, growth in state sales tax revenues continues at a healthy rate.”
Combs sent cities, counties, transit systems and special purpose taxing districts $459 million in June local sales tax allocations, up 9.3 percent compared to June 2007.
Combs sent June sales tax allocations of $306.3 million to Texas cities, up 8 percent compared to June 2007. So far this calendar year, city sales tax allocations are up 5.4 percent compared to the same time period last year. Texas counties received sales tax payments of $28.4 million, up 13.2 percent compared to last June. So far this year, sales tax allocations to counties are up 6.4 percent compared to 2007.
In addition, $17.3 million went to 135 special purpose taxing districts around the state, up 21.3 percent compared to last June. Ten local transit systems received $106.9 million in sales tax allocations, up 10.2 percent compared to a year ago.
State sales tax collections in May and local sales tax allocations in June represent sales that occurred in April and were reported to the Comptroller in May.
For details of June sales tax payments to individual cities, counties, transit systems and special purpose districts, locate the Monthly Sales 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, July 11.