The Ellis County Press: Sales tax revenue decline no longer seeing double

Sales tax revenue decline no longer seeing double
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Editor on 04/15/2010 12:27:00


MEGAN GRAY
The Ellis County Press
AUSTIN - Sales tax revenue all across the state is down 7.8 percent compared to
a year ago.
"Following an eight-month stretch of double-digit declines, the pace of revenue
losses is slowing," said Texas Comptroller Susan Combs.
Cities, counties, transit systems and special purpose taxing districts will
receive a little more than $394 million in April sales tax allocations.
Down nearly 4 percent this time last year. According to the comptroller's
office, monthly sales tax allocations to local governments lag 7.4 percent
behind 2009 but are expected to see growth by the end of this year.
March state sales tax revenue and April payments made to local governments
represent sales that occurred in February.