PRESS RELEASE: Comptroller Glenn Hegar Distributes $629 Million in Monthly Sales Tax Revenue to Local Governments
Texas Comptroller of Public Accounts sent this bulletin at 06/10/2015 12:01 PM CDT
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June 10, 2015 Comptroller Glenn Hegar Distributes $629 Million in Monthly Sales Tax Revenue to Local Governments(AUSTIN) — Texas Comptroller Glenn Hegar said today 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.
The sales tax figures represent monthly sales made in April by businesses that report tax monthly. For details of June sales tax allocations to individual cities, counties, transit systems and special purpose districts, locate the Monthly Sales Tax Allocation Comparison Summary Reports on the Comptroller’s website at http://comptroller.texas.gov/taxinfo/allocsum/compsum.html. —30— |
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