For Immediate Release
January 11, 2012
Comptroller Susan Combs Distributes $495 Million in Monthly Sales Tax Revenue to Local Governments
AUSTIN — Texas Comptroller Susan Combs announced today that state sales tax revenue in December was $1.98 billion, up 9.5 percent compared to December 2010.
“Sales tax revenue continues to grow in almost all major economic categories and revenue has now increased for 21 consecutive months,” Combs said. “Sales taxes from retail trade and restaurant activity continue to improve, with tax revenue from the oil and natural gas sector also providing a lift to overall collections.”
Combs will send January sales tax allocations totaling $495 million to cities, counties, transit systems and special purpose taxing districts, up 9.1 percent compared to January 2011.
|Special Purpose Taxing Districts||$24.0M||↑25.1%||↑25.1%|
The sales tax figures represent sales that occurred in November.
For details of January sales tax allocations 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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