PRESS RELEASE: Comptroller Glenn Hegar Distributes $760 Million in Monthly Sales Tax Revenue to Local Governments
Texas Comptroller of Public Accounts sent this bulletin at 08/12/2015 12:34 PM CDT
|
Contact: |
512-463-4070 |
1-800-531-5441 ext. 3-4070 |
||||||||||||||||||||||||||||
| FOR IMMEDIATE RELEASE | ||||||||||||||||||||||||||||||
|
August 12, 2015 Comptroller Glenn Hegar Distributes $760 Million in Monthly 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. For details of August sales tax allocations to individual cities, counties, transit systems and special purpose districts, visit the Monthly Sales Tax Allocation Comparison Summary Reports on the Comptroller’s website.
—30— |
||||||||||||||||||||||||||||||
|
|
Join the discussion and connect with the 