DALLAS -- Texas sales tax revenue in February rose 11.7% compared to the same month in 2014, reaching $2.46 billion, state Comptroller Glenn Hegar reported.
"This marks the 59th consecutive month of year-over-year growth — an encouraging sign that Texas' diverse economic engine continues to drive spending growth in households and businesses all over the state," Hegar said.
The revenues were about $100 million below the January figures, which is the historical pattern. The figures represent sales in January tabulated in February and reported in March.
"Receipts from manufacturing and wholesale and retail trade showed strong growth," Hegar said. "And despite the decline in oil and natural gas prices, tax receipts from the oil and natural gas sector were once again up sharply over last year."
Hegar will send cities, counties, transit systems and special purpose taxing districts their March local sales tax allocations totaling $590.1 million, up 6.7% compared to March 2014.
