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News Release from Comptroller Susan Combs

For Immediate Release
July 11, 2008

Comptroller Susan Combs Distributes Monthly Sales Tax
Revenue to Local Governments

(AUSTIN) — Texas Comptroller Susan Combs today announced that the state collected $1.7 billion in sales tax revenue in June, up 8.4 percent compared to June 2007.

“Through June 2008, fiscal year-to-date state sales tax collections have increased 6.1 percent compared to fiscal 2007,” Combs said.  “While we have seen the national economy slowing, growth in Texas sales tax revenue continues at a steady pace.”

Combs sent July sales tax allocations totaling $467.8 million to cities, counties, transit systems and special purpose taxing districts, up 4.8 percent compared to July 2007.

Combs sent July sales tax allocations of $311.9 million to Texas cities, up 2.6 percent compared to July 2007.  So far this calendar year, city sales tax allocations are up 5 percent compared to the same time period last year.  Texas counties received sales tax payments of $28.9 million, up 5.5 percent compared to last July. So far this year, sales tax allocations to counties are up 6.3 percent compared to 2007.

Combs sent $17.5 million to 135 special purpose taxing districts, up 19.5 percent compared to last July.  Ten local transit systems received $109.3 million in sales tax allocations, up 9.1 percent compared to a year ago.

State sales tax collections in June and local sales tax allocations in July represent sales that occurred in May and were reported to the Comptroller in June.

For details of July 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, Aug. 8.

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Find details on all the services of the Comptroller’s office at www.window.state.tx.us, including a transparent look at state spending at www.window.state.tx.us/wherethemoneygoes.

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