Thu, May 17, 2012 12:23
HomeMost Recent NewsLone Star Business BlogContact Us
Advertise with Texas Business
Comptroller Distributes More Than $478 Million in Monthly Sales Tax Revenue to Local Governments
Texas Business reports: The Texas Comptroller's office announced that state sales tax revenue in November was $2.07 billion, up 12.2 percent compared to November 2010.  State sales tax revenue has now increased for 20 consecutive months.
"Sales tax revenue in all major economic sectors improved over a year ago,” Combs said. "While sales tax receipts associated with oil and natural gas production remains the strongest source of growth, there were strong increases from the consumer-driven sectors of retail trade and restaurants."
Combs will send December sales tax allocations totaling $478.3 million to cities, counties, transit systems and special purpose taxing districts, up 9.7 percent compared to December 2010.

Local Sales Tax Allocations (December 2011)

RecipientDec. 2011 AllocationsChange from Dec. 2010Year-to-date Change
Cities $315.8M Up8.6% Up7.2%
Counties $31.3M Up13.7% Up13.3%
Transit Systems $108.7M Up10.2% Up8.6%
Special Purpose Taxing Districts $22.2M Up19.5% Up15.6%
Total $478.3M Up9.7% Up8.3%

The sales tax figures represent sales that occurred in October.