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$633 Million in Monthly Sales Tax Revenue to Local Governments

09 May 2012 1:24 PM | Anonymous member (Administrator)

Great information for you today!  We are seeing positive upticks in our own sales tax reports and want you to have access to this free public information.

May 9, 2012

Comptroller Susan Combs Distributes $633 Million in Monthly Sales Tax Revenue to Local Governments

(AUSTIN) undefined 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.

Local Sales Tax Allocations (May 2012)

Recipient

May 2012
Allocations

Change from
May 2011

Year-to-date
Change

Cities

$421.0M

4.4%

8.0%

Counties

$41.0M

9.5%

14.1%

Transit Systems

$140.8M

5.4%

9.5%

Special Purpose Taxing Districts

$30.2M

18.0%

23.1%

Total

$633.0M

5.5%

9.4%

 

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.

Giddings Chamber of Commerce
183 E. Hempstead
Giddings, TX 78942
Located in the Lee County Museum, off the Courthouse Square

Contact:  (979) 542-3455
Chamber email:  chambergiddings@gmail.com
Tourism email:  giddingschamber@gmail.com


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