Sales Tax Revenues Continue Recent Trend
by Randy Watson
Texas Comptroller Susan Combs reports total sales tax collections for November jumped 12.2 percent compared with November 2010, marking the 20th consecutive month of year-over-year gains. The gains are attributed to improvement in all major economic sectors including oil and natural gas production, retail trade and restaurants.
Local Sales Tax Allocations
- Cities – $315.8 million — up 8.6 percent from December 2010.
- Counties – $31.3 million — up 13.7 percent from December 2010.
- Transit Systems – $108.7 million — up 10.2 percent from December 2010.
- Special Purpose Taxing Districts – $22.2 million — up 19.5 percent from December 2010.
Read more: Tracking the Texas Economy...