For Immediate Release
May 9, 2012
Comptroller Susan Combs Distributes $633 Million in Monthly Sales Tax Revenue to Local Governments
(AUSTIN) — Texas Comptroller Susan Combs announced today that state sales tax revenue in April was $2.07 billion, up 10.9 percent compared to April 2011.
“Sales tax revenue has now increased for 25 consecutive months. Recent strength in sales tax collections continued in both business and consumer spending categories,” Combs said. “Growth was led by the oil and natural gas-related sectors, while significant gains also came from retail trade and restaurants.”
Combs will send May local sales tax allocations totaling $633 million to cities, counties, transit systems and special purpose taxing districts, up 5.5 percent compared to May 2011.
|Special Purpose Taxing Districts||$30.2M||↑18.0%||↑23.1%|
The sales tax figures represent monthly sales made in March as well as January, February and March sales by businesses that report tax quarterly.
For details of local sales tax allocations in May 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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