For Immediate Release
September 9, 2011
Comptroller Susan Combs Distributes $483 Million in Monthly Sales Tax Revenue to Local Governments
(AUSTIN) — Texas Comptroller Susan Combs said today that state sales tax revenue in August was $1.98 billion, up 11.9 percent compared to August 2010.
“Monthly sales tax revenue has now increased for 17 consecutive months,” said Combs. “For the state’s recently concluded 2011 fiscal year, sales tax revenue increased 9.4 percent from the previous fiscal year. Sales tax revenue grew in major sectors especially the oil and gas industry and manufacturing as a result of increased business spending during the year. There was also growth in the retail and restaurant sectors. We will continue to monitor factors such as the job market, consumer spending and housing.”
Combs will send September sales tax allocations totaling $483.9 million to cities, counties, transit systems and special purpose taxing districts, up 10 percent compared to September 2010.
|Special Purpose Taxing Districts||$21.6M||17%||14.8%|
The sales tax figures represent sales that occurred in July.
For details of September 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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