Texas Comptroller Glenn Hegar recently announced he will send cities, counties, transit systems and special purpose taxing districts $626.3 million in local sales tax allocations for December, 3 percent less than in December 2014. These allocations are based on sales made in October by businesses that report tax monthly. Hegar also said that sales tax revenue for the state in November was $2.58 billion, down 3.3 percent compared to November 2014.
“Sales tax revenue declined again due to reduced spending in oil and gas-related sectors,” Hegar said. “Remittances from other sectors, including construction, restaurants and retail trade, continued to grow. The net decrease in sales tax receipts is in line with the October Certification Revenue Estimate.”
