Texas Comptroller Susan Combs says state sales tax revenue in October was $1.62 billion, up 6.6 percent compared to October 2009.
“Total sales tax collections have now exceeded year ago amounts for a seventh consecutive month,” said Combs. “Once again growth was posted in major sectors like the oil and gas industry, retail trade and construction. We will need to keep monitoring revenue from these and other sectors to see if tax collections maintain an upward trend.”
Combs will distribute $541.4 million in November sales tax rebates to cities, counties, transit systems and special purpose taxing districts. Local sales tax allocations are up 8.1 percent compared to a year ago.
Combs will send Texas cities $367.2 million in sales tax allocations, up 7.2 percent compared to November 2009. So far this calendar year, city sales tax allocations are down 0.2 percent compared to the same time period last year. Texas counties will receive November sales tax allocations of $32.2 million, up 14.2 percent compared to one year ago. For the calendar year-to-date, county sales tax allocations are running 2.2 percent below 2009 revenues.
The 169 special purpose taxing districts around the state are getting $22.9 million in sales tax, up 18.2 percent compared to last November. Ten local transit systems will receive $118.9 million in November sales tax rebates, up 7.7 percent compared to a year ago.
November sales tax allocations to local governments represent September sales reported to the Comptroller in October by monthly tax filers and July, August and September sales reported to the Comptroller in October by quarterly tax filers.
More details: http://www.window.state.tx.us/news2010/101110-allocations.html
