Comptroller Hegar Rebates $760 Million in Monthly Sales Tax Revenue to Local Governments

glenn.hegar0815Texas Insider Report: AUSTIN Texas  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. Julys 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." 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 Comptrollers website.
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