$629 million distributed in sales tax revenue statewide from Comptroller



(AUSTIN) — Texas Comptroller Glenn Hegar said that state sales tax revenue in May was $2.6 billion, up 5.2 percent compared to May 2014.

“This marks the 62nd consecutive month of growth in sales tax collections,” Hegar said. “Sales tax revenue growth was relatively strong, spurred by consumer spending at retail stores and restaurants. Remittances from the construction, wholesale trade and services sectors were also up significantly. Collections from the oil and gas mining sector declined, as was expected, due to the slowdown in drilling.”

Hegar will send cities, counties, transit systems and special purpose taxing districts their June local sales tax allocations totaling $629.2 million, up 5.9 percent compared to June 2014. See area counties comparison on page 3A.



Leave a Reply

Your email address will not be published. Required fields are marked *