(AUSTIN) — Texas Comptroller Susan Combs announced today that state sales tax revenue in May was $2.09 billion, up 7.3 percent compared to May 2011.
“This marks 26 consecutive months of sales tax growth,” Combs said. “As the recovery continues, the year-to-year rate of growth is stabilizing. Collections remain strong in the oil and natural gas-related sectors as well as other segments of the Texas economy such as the restaurant industry.”
Combs will send June local sales tax allocations totaling $514.1 million to cities, counties, transit systems and special purpose taxing districts, up 9.7 percent compared to June 2011.