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For Immediate Release
June 6, 2012
Comptroller Susan Combs Distributes $514 Million in Monthly Sales Tax Revenue to Local Governments
(AUSTIN) — Texas Comptroller Susan Combs announced today that state sales tax revenue in May was $2.09 billion, up 7.3 percent compared to May 2011.
“This marks 26 consecutive months of sales tax growth,” Combs said. “As the recovery continues, the year-to-year rate of growth is stabilizing. Collections remain strong in the oil and natural gas-related sectors as well as other segments of the Texas economy such as the restaurant industry.”
Combs will send June local sales tax allocations totaling $514.1 million to cities, counties, transit systems and special purpose taxing districts, up 9.7 percent compared to June 2011.
|Special Purpose Taxing Districts||$25.8M||↑22.5%||↑23.0%|
The sales tax figures represent monthly sales made in April.For details of local sales tax allocations in June 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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