Texas Sales Tax Revenue Rises

Texas sales tax receipts for July rose 7.3% compared to July 2012 to $2.2 billion, Comptroller Susan Combs reported Wednesday.

“Texas sales tax revenue has increased for 40 consecutive months,” Combs said. “The retail trade sector bolstered the latest growth in monthly revenue, and collections from the construction and the oil and natural gas sectors continued to show strength.”

Last month, receipts rose 9.1% from a year earlier to $2.17 billion, Combs said.

Combs will send cities, counties, transit systems and special purpose taxing districts their August local sales tax allocations totaling $671 million, up 6.2 percent compared to August 2012.

Receipts for special taxing districts marked the sharpest increase, rising 10.6% to $34.5 million. For the year, those districts are up 12.7%.

Cities saw a 6% increase to $443.3 million, while counties rose 5.3% to $42.7 million. Transit systems rose 5.8% to $150.5 million.

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