State Sales Tax Receipts Topped $2B In May

May marked the twenty-sixth straight month of growth in the state’s largest source of tax revenue. 

R.J. DeSilva is a spokesman for the Comptroller’s office. He says growth in tax receipts reflects the state’s ongoing recovery.

“As oil and natural gas companies are out there drilling and exploring, they’re buying equipment and paying sales tax on it. So that type of business spending has been very helpful and beneficial. Consumer spending — restaurants, for example — the restaurant industry has been indicative of the increased consumer spending that we’ve been seeing.”

The Comptroller’s office will send tax allocations of more than half a billion dollars to local governments, transit systems and special purpose taxing districts this month. Nearly

$43 million will go to Houston, making it by far the top recipient among Texas cities. This month’s tax allocation marks a 12% increase for Houston from June of last year.

 

LOCAL SALES TAX ALLOCATIONS (JUNE 2012)

Recipient

June 2012
Allocations

Change from
June 2011

Year-to-date
Change

Cities

$337.4M

↑8.2%

↑8.1%

Counties

$34.3M

↑12.8%

↑13.9%

Transit Systems

$116.6M

↑10.6%

↑9.6%

Special Purpose Taxing Districts

$25.8M

↑22.5%

↑23.0%

Total

$514.1M

9.7%

↑9.4

The sales tax figures represent monthly sales made in April. This graph was provided by the Texas Comptroller's Office.

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