Comptroller Susan Combs Distributes $707 Million in Monthly Sales Tax Revenue to Local Governments
(AUSTIN) — Texas Comptroller Susan Combs said today that state sales tax revenue in July was $2.34 billion, up 6.3 percent compared to July 2013.
"The growth in sales tax revenues reflected strength in both business and consumer spending," Combs said. "The increase was led by remittances from the construction, services, and oil and natural gas-related sectors, as well as from retail trade and restaurants. Fiscal year-to-date, state sales tax collections are now up 5.3 percent."
Combs will send cities, counties, transit systems and special purpose taxing districts their August local sales tax allocations totaling $706.9 million, up 5.3 percent compared to August 2013.
|Special Purpose Taxing Districts||$41.9M||↑21.6%||↑19.2%|
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 August 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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