For Immediate Release
August 8, 2012
Comptroller Susan Combs Distributes $632 Million in Monthly Sales Tax Revenue to Local Governments
(AUSTIN) —Texas Comptroller Susan Combs announced today that state sales tax revenue in July was $2.05 billion, up 10.1 percent compared to July 2011.
“Business spending in the oil and natural gas industry and other sectors continues to be robust,” Combs said. “That spending, along with increases in consumer sectors such as retail trade, continues to boost sales tax collections. State sales tax revenue has now increased for 28 consecutive months.”
Combs will send August local sales tax allocations totaling $632.1 million to cities, counties, transit systems and special purpose taxing districts. August sales tax allocations are up 4.2 percent compared to August 2011.
|Special Purpose Taxing Districts||$31.2M||↑14.8%||↑22.6%|
The sales tax figures represent monthly sales made in June as well as April, May and June sales by businesses that report tax quarterly.
For details of local sales tax allocations in August 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.