PRESS RELEASE: Comptroller Glenn Hegar Distributes $732 Million in Monthly Sales Tax Revenue to Local Governments
Texas Comptroller of Public Accounts sent this bulletin at 11/04/2015 11:02 AM CST
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1-800-531-5441 ext. 3-4070 |
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November 4, 2015 Comptroller Glenn Hegar Distributes $732 Million in Monthly Sales Tax Revenue to Local Governments(AUSTIN) — Texas Comptroller Glenn Hegar announced today he will send cities, counties, transit systems and special purpose taxing districts $731.7 million in local sales tax allocations for November, 1.2 percent more than in November 2014. These allocations are based on sales made in September by businesses that report tax monthly, and sales made in July, August, and September by businesses that report tax quarterly. Hegar also said today that sales tax revenue for the state in October was $2.28 billion, down 5.4 percent compared to October 2014. “October state sales tax revenue was depressed, as expected, by declines in spending in oil and natural gas-related sectors,” Hegar said. “Other major sectors of the Texas economy, including construction, information, and services, continued to show growth in tax remittances.”
For details on November sales tax allocations to individual cities, counties, transit systems and special purpose districts, visit the Comptroller’s Monthly Sales Tax Allocation Comparison Summary Reports.
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