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For Immediate Release
February 08, 2012
Comptroller Susan Combs Distributes $708.5 Million in Monthly Sales Tax Revenue to Local Governments
AUSTIN — Texas Comptroller Susan Combs announced today that state sales tax revenue in January was $2 billion, up 9.5 percent compared to January 2011.
“Sales tax revenue continues to grow in almost all major economic categories and revenue has now increased for 22 consecutive months,” Combs said. “The recent monthly increase was led by the oil and natural gas-related sectors. Restaurants and services sectors also showed significant gains.”
Combs will send February local sales tax allocations totaling $708.5 million to cities, counties, transit systems and special purpose taxing districts, up 8.2 percent compared to February 2011.
|Special Purpose Taxing Districts||$33.5M||↑16.9%||↑20.1%|
The sales tax figures represent monthly sales made in December as well as sales by businesses that report tax on a quarterly or annual basis.
For details of February 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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