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For Immediate Release
March 07, 2012
Comptroller Susan Combs Distributes $474 Million in Monthly Sales Tax Revenue to Local Governments
AUSTIN — Texas Comptroller Susan Combs announced today that state sales tax revenue in February was $2.01 billion, up 14.8 percent compared to February 2011.
“Sales tax revenue in all major industries was up, indicating growth in both business and consumer spending” Combs said. “Rapid growth in tax collections continued from oil and natural gas sectors, while revenue from retail trade, restaurants and telecommunications was also up significantly.”
Combs will send March local sales tax allocations totaling $473.6 million to cities, counties, transit systems and special purpose taxing districts, up 9.3 percent compared to March 2011.
|Special Purpose Taxing Districts||$22.9M||↑25.5%||↑21.6%|
The sales tax figures represent monthly sales made in January.
For details of local sales tax allocations in March 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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