Sales tax

For the fourth time since 1993, Oklahoma City voters have approved a 1-cent tax to build projects without the use of bonds.

Texas continued its record-setting pace in October with monthly sales tax revenue growing 7% year-over-year to $2.82 billion.

Nearly two in three finance officers in large cities predict a recession in the next year or two.

A Senate committee has approved a bill requiring remote sellers to collect the state's 6% sales tax. It could generate $700 million in new revenue.

Only Florida and Louisiana remain among the sales tax states that have not enacted laws to require remote collection to reap the benefit of the June 2018 Supreme Court ruling in Wayfair v. South Dakota.

Thirty seven states and the District of Columbia now have laws requiring remote sales tax collection, according to the National Conference of State Legislatures.

The latest report from the state comptroller says $876.8 million was distributed to cities, counties, transit systems and special purpose taxing districts.

With its population and economy growing, Texas marked its 21st straight monthly record for sales tax collection.

The tax hike should provide new recurring revenue that restores structural balance after years of weak reserve levels, according to S&P Global Ratings.

A surging population and a healthy economy kept local governments riding high in sales tax revenue for the first half of the year.