For Immediate Release
July 11, 2012
Comptroller Susan Combs Distributes $535 Million in Monthly Sales Tax Revenue to Local Governments
(AUSTIN) — Texas Comptroller Susan Combs announced today that state sales tax revenue in June was $1.98 billion, up 15.2 percent compared to June 2011.
“Sales tax revenue has increased for 27 consecutive months in Texas,” Combs said. “Strong business spending in industries such as manufacturing and oil and natural gas boosted the latest sales tax collections. Revenue from consumer spending in the retail trade and restaurant sectors also did well.”
Combs will send July local sales tax allocations totaling $534.6 million to cities, counties, transit systems and special purpose taxing districts. July sales tax allocations are up 12.7 percent compared to July 2011.
|Special Purpose Taxing Districts||$27.1M||↑30.2%||↑24.0%|
The sales tax figures represent monthly sales made in May.
For details of local sales tax allocations in July 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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