For Immediate Release
August 8, 2008
Comptroller Susan Combs Distributes $583 Million in Local
Sales Tax Revenue
(AUSTIN) — Texas Comptroller Susan Combs today said the state collected $1.8 billion in sales tax revenue in July, up 10.4 percent compared to one year ago.
“Through July, fiscal 2008 state sales tax collections are up 6.5 percent,” Combs said. “The Texas economy remains strong; however, we continue to monitor the slower growth seen nationally.”
Combs sent $583.4 million in August sales tax allocations to local governments, up 9.2 percent compared to August 2007. So far this calendar year, sales tax allocations to local governments are up 6.3 percent compared to this time last year.
Combs sent sales tax payments of $393.1 million to Texas cities, up 8 percent compared to last August. Calendar year-to-date, city sales tax revenues surpass 2007 by 5.4 percent. Sales tax payments of $35.3 million went to Texas counties, 13.9 percent higher than last August. So far in calendar year 2008, county sales tax allocations are up 7.3 percent compared to last year.
In addition, $21.3 million in sales tax revenue went to 135 special purpose taxing districts, 21.5 percent more than in August 2007. Ten local transit systems received $133.5 million, up 9.9 percent compared to a year ago.
July state sales tax revenue and August allocations to local governments represent sales taxes collected in June by businesses that report sales taxes monthly, and sales taxes collected in April, May and June by quarterly filers.
For details of August 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 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, Sept. 12.