For Immediate Release
August 10, 2011skip quote
“The strong growth was again primarily in business spending in areas such as the oil and gas sector and manufacturing. Sales tax revenue from restaurants also showed gains.”
– Texas Comptroller Susan Combs.
Texas Sales Tax Growth Reflects Improving Economy
Dean Ferguson of the Texas Comptroller's Revenue Estimating Division explains why sales tax is important to state and local government.
Comptroller Susan Combs Distributes $606 Million in Monthly Sales Tax Revenue to Local Governments
(AUSTIN) — Texas Comptroller Susan Combs said today that state sales tax revenue in July was $1.86 billion, up 10.3 percent compared to July 2010.
“This marks the 16th consecutive month of increased state sales tax revenue,” said Combs. “The strong growth was again primarily in business spending in areas such as the oil and gas sector and manufacturing. Sales tax revenue from restaurants also showed gains.”
Combs will send August sales tax allocations totaling $606.7 million to cities, counties, transit systems and special purpose taxing districts, up 9.1% percent compared to August 2010.
Local Sales Tax Allocations (August 2011)
|Special Purpose Taxing Districts||$27.1M||15.3%||14.6%|
The sales tax figures represent June sales reported by monthly tax filers and April, May and June sales reported by quarterly filers.
For details of August 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.
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