State sales tax revenue continues to grow

November 10, 2012

Sales tax chart 11-10-12.pdf

Texas Comptroller Susan Combs said today that state sales tax revenue in October was $2.03 billion, up 8.2 percent compared to October 2011.

“The state’s growth in sales tax revenue continues to be led by collections from the oil and natural gas-related sectors,” said Combs. “We also saw strong consumer spending drive gains in retail trade and the restaurant sector as well.”

Combs will send November local sales tax allocations totaling $611.5 million to cities, counties, transit systems and special purpose taxing districts, up 5.4 percent compared to November 2011.

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Category: Business News Archived