Sales Tax Collections Soar

Texas state sales tax collections in November totaled $2.07 billion, up 12.2% from November 2010, and the 20th consecutive month of increased revenues.

State Comptroller Susan Combs said her office will distribute $478.3 million to local governments, an increase of 9.7% from a year ago.

She said revenue from oil and gas production remains the strongest source of growth in state revenue.

Cities will receive $315.8 million, an increase of 8.6% from December 2010.

Allocations to transit districts total $108.7 million, with counties receiving $31.3 million.

Special taxing districts will receive a total of $22.2 million, an increase of 19.5% from last December.

“Sales tax revenue in all major economic sectors improved over a year ago,” Combs said in a statement. “While sales tax receipts associated with oil and natural gas production remains the strongest source of growth, there were strong increases from the consumer-driven sectors of retail trade and restaurants.”

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Texas
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