Sales tax revenue up 2.2 percent
The Ellis County Press
AUSTIN- Comptroller Susan Combs announced state sales tax revenue in June totaled $1.61 billion, a 2.2 percent increase compared to June 2009.
"Total sales tax collections have now slightly exceeded year-ago levels for a third consecutive month," said Combs.
"Net collections in the oil and gas and manufacturing sectors expanded, but collections from the all-important retail sector were down from the year-ago level."
On Monday, July 12, Combs sent July sales tax allocations totaling $442.8 million to cities, counties, transit systems and special purpose taxing districts, up 3.8 percent compared to July 2009.
Texas cities will receive $297.2 million, up 4.5 percent compared to July 2009.
So far this calendar year, city sales tax allocations are still down 2.9 percent compared to the same time period last year.
"While overall economic activity is no longer contracting, a resumption of solid growth in sales tax collections is not yet in evidence," said Combs.
Texas counties can anticipate sales tax payments of $27 million, up 3.9 percent compared to last July.
Sales tax allocations to counties are down 6.4 percent compared to this point in 2009. Combs sent $18.3 million to 170 special purpose taxing districts, up 10.6 percent compared to last July.
Ten local transit systems will get $100.1 million in sales tax allocations, up 0.5 percent compared to a year ago.
State sales tax revenue in June and local sales tax allocations in July represent sales which occurred in May.
The comptroller’s next sales tax allocation will be made on Friday, Aug. 13.
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|Compiled by: MEGAN GRAY/The Ellis County Press|
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