Texas collected $1.73 billion in sales tax revenue in October, up 5.2% from October 2007, Comptroller Susan Combs said last week. Despite the increase, tax collections show signs of weakening, she said.

“Sales tax collections grew in the first two months of fiscal 2009, however, at slower rates than generally seen over the past three years,” Combs said. “Collections have continued to increase overall, but remittances from the key retail trade sector have begun to decline slightly as consumers grow increasingly cautious and confidence erodes.”

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