State sales tax revenue in July was $2.34 billion, according to Texas Comptroller Susan Combs. That’s up 6.3 percent compared to July 2013.
The sales tax figures represent monthly sales made in June, as well as April, May and June sales by businesses that report tax quarterly.
“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 retail trade and restaurants. Fiscal year-to-date, sales tax collections are now up 5.3 percent.”
Category: Business News