Comptroller Combs Returns $802 Million in Monthly Sales Tax to Local Governments
Texas Insider Report: AUSTIN, Texas — “Sales tax revenue has increased in Texas now for 46 consecutive months. Increases were seen across all major sectors of the Texas economy,” said Texas Comptroller Susan Combs today, reporting state sales tax revenue in January was $2.3 billion, up 8.3% compared to January 2013.
“This indicates continued expansion in both consumer and business spending, and brings the growth in fiscal year-to-date collections to 4.6% compared with the previous year,” Combs said.
Combs will send cities, counties, transit systems and special purpose taxing districts their February local sales tax allocations totaling $802.1 million, up 8.2% compared to February 2013.
