Texas collected $1.86 billion in sales tax revenue in December, up 2% from December 2007, and distributed $459.2 million to cities, counties, districts, and transit systems across the state.

Comptroller Susan Combs said sales tax collections are up 3.9% for the first four months of fiscal 2009. “Growth in overall collections has slowed compared to recent years, while remittances from key sectors such as construction and retail trade have declined,” she said.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.