Comptroller Susan Combs Distributes $716 Million in Monthly Sales Tax Revenue to Local Governments
May 08, 2014 | 1425 views | 0 0 comments | 6 6 recommendations | email to a friend | print



AUSTIN, May 7, 2014 —Texas Comptroller Susan Combs said today that state sales tax revenue in April was $2.27 billion, up 5.6 percent compared to April 2013.

“Growth in sales tax revenue was spurred by increases in the telecommunications sector and services sector,” Combs said. “Increased business spending in the wholesale trade sector also contributed to the latest monthly gain. This marks 49 consecutive months of growth in sales tax collections.”

Combs will send cities, counties, transit systems and special purpose taxing districts their May local sales tax allocations totaling $716 million, up 7.1 percent compared to May 2013.

 

Local Sales Tax Allocations (May 2014)
RecipientMay 2014

Allocations
Change from

May 2013
Year-to-date

Change
Cities $471.7M 6.8% 6.4%
Counties  $44.8M 5.6% 2.7%
Transit Systems $159.4M 6.4% ↑7.0%
Special Purpose Taxing Districts $40.1M 17.0% 18.6%
Total $716.0M 7.1% 6.9%

The sales tax figures represent monthly sales made in March as well as January, February and March sales by businesses that report tax quarterly.

For details of May 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 Web site at www.window.state.tx.us/taxinfo/allocsum/compsum.html.



Go to Facebook Join the discussion and connect with the Texas Comptroller on Facebook for the latest economic news, surveys and more.

Follow us on Twitter! Get quick Comptroller news and information you need to do business in Texas.

Comments
(0)
Comments-icon Post a Comment
No Comments Yet