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February 11, 2015

Comptroller Glenn Hegar Distributes $873 Million in Monthly Sales Tax Revenue to Local Governments

(AUSTIN) — Texas Comptroller Glenn Hegar said today that state sales tax revenue in January was $2.56 billion, up 11.2 percent compared to January 2014.

“The growth in sales tax revenues was led by business spending,” Hegar said. “Receipts from the manufacturing and wholesale trade sectors were up sharply. In spite of the recent decline in crude oil prices, tax receipts from the oil and natural gas mining sector also grew strongly.

“This allocation marks the 58th consecutive month of year-over-year growth and is indicative of a dynamic and diverse economy that continues to generate business investment and spending in Texas," Hegar added. “My office will continue to carefully monitor the impact that lower oil prices will have on our state’s economy, but these sales tax allocation numbers are an encouraging sign of continued strength.”

Hegar will send cities, counties, transit systems and special purpose taxing districts their February local sales tax allocations totaling $873.1 million, up 8.9 percent compared to February 2014. 

The sales tax figures represent December sales reported by monthly tax filers as well as October, November and December sales by businesses that report tax quarterly. 

For details of February 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 www.comptroller.texas.gov/taxinfo/allocsum/compsum.html. 

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