Comptroller Susan Combs Distributes $622 Million in Monthly Sales Tax Revenue to Local Governments
(AUSTIN) —Texas Comptroller Susan Combs said today that state sales tax revenue in May was $2.45 billion, up 8.5 percent compared to May 2013.
“Sales tax growth was evident across all major economic sectors,” Combs said. “The growth was led by the retail and wholesale trade sectors, the oil and natural gas mining sector, and the services sector. This marks the 50th consecutive month of increased state sales tax revenues, and brings the fiscal year-to-date growth to 5.4 percent.”
Combs will send cities, counties, transit systems and special purpose taxing districts their June local sales tax allocations totaling $621.5 million, up 11.6 percent compared to June 2013.
|Special Purpose Taxing Districts||$36.1M||↑23.5%||↑19.3%|
The sales tax figures represent monthly sales made in April.
For details of June 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 website at www.window.state.tx.us/taxinfo/allocsum/compsum.html.
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