Comptroller distributes $760 million in sales tax revenue to local governments



 

 

(AUSTIN) — Texas Comptroller Glenn Hegar will send cities, counties, transit systems and special purpose taxing districts their August local sales tax allocations totaling $760.2 million, which represents an increase of 7.6 percent compared to August 2014.

Hegar also said today that state sales tax revenue in July was $2.4 billion, up 2.7 percent compared to July 2014.

“July’s modest growth in sales tax revenue is in line with the biennial revenue estimate issued in January,” Hegar said. “Stronger growth in receipts from consumer driven sectors, including retail trade, restaurants and services offset declining receipts from oil and gas-related sectors.”

The sales tax figures represent monthly sales made in June as well as April, May and June, by businesses that report tax quarterly.


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