TX Comptroller to distribute $575M in sales tax revenue to local governments

TX Comptroller to distribute $575M in sales tax revenue to local governments
MGN ONLINE
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Thursday, September 12, 2013 - 10:35am

Texas Comptroller Susan Combs announced today that state sales tax revenue in August was $2.39 billion, up 2.1 percent compared to August 2012.

“The latest monthly gains were led by sectors such as construction and the restaurant industry,” Combs said. “For the recently ended fiscal year, state sales tax revenue totaled $25.8 billion, an increase of 7.2 percent from fiscal 2012. Both business and consumer spending contributed to the gains for the year.”

Combs will send cities, counties, transit systems and special purpose taxing districts their September local sales tax allocations totaling $575 million, up 2.8 percent compared to September 2012.

The sales tax figures represent monthly sales made in July.

For details of local sales tax allocations in September 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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