For Immediate Release
November 7, 2012
Comptroller Susan Combs Distributes $612 Million in Monthly Sales Tax Revenue to Local Governments
(AUSTIN) — 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 continued 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.
|Special Purpose Taxing Districts||$31.0M||↑19.1%||↑22.8%|
The sales tax figures represent September sales reported by monthly tax filers and July, August and September sales reported by quarterly filers.
For details of November 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 Web site at www.window.state.tx.us/taxinfo/allocsum/compsum.html.
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