Sales Tax Revenue Increases Across Texas, Lubbock for August 2012
State sales tax revenue continues to increase for Texas, according to the Texas Comptroller's Office.
Texas Comptroller Susan Combs announced that state sales tax revenue in August was $2.34 billion, up 18.5 percent compared to the same period in 2011.
“The strong business and consumer spending trend boosted the monthly sales tax revenue, as did money remitted at the close of the state’s tax amnesty which ended in August,” said Combs.
Texas’ sales tax revenue for the 2012 fiscal year was $24.1 billion, 12.6 percent higher than the 2011 fiscal year.
$559.2 million will be sent to cities, counties, transit systems, and special purpose taxing districts.
The City of Lubbock will receive more than $4.3 million, up 11.6 percent from September 2011’s payment. So far, the City has received nearly $41.4 million in sales tax revenue from the State this year.
The City of Post will receive more than $91,400, a 7.5 percent increase over the same period last year, and Levelland will receive more than $272,000, a 6.25 percent increase from September 2011.
Midland’s boom continues, receiving more than $4.7 million in sales tax revenue, a 35.3 percent increase from September 2011, and Odessa will get more than $2,880,000 in revenue, a 20.5 percent increase over the same period in 2011.
Amarillo has posted a slight gain of nearly 1.8 percent, receiving $5,161,904 for September 2012. San Angelo will receive more than $1.8 million, a 17.2 percent increase from last September, and Abilene has posted a small 0.09 percent increase over the same period last year, receiving more than $3,182,440. Big Spring will receive more than $665,000, a nearly 32 percent increase from last year.
Not all areas were fortunate enough to show sales growth, with the Buffalo Springs Lake area to receive only $558, down from 2011’s $945, nearly a 41 percent decrease. Crosbyton will get $7,596 back, a 12 percent decrease, and Sweetwater will receive almost $288,900, a 35 percent decrease.
Austin posted a sizable 28 percent increase over September 2011, and will receive almost $13,388,000.
Dallas will get almost $20,172,000, a modest 8.6 percent increase over the same period last year, and Fort Worth posted a similar 8.7 percent increase, meaning they will receive more than $9 million in sales tax revenue.
Houston is slated to receive more than $48.3 million, a 23.1 percent increase over September 2011's payment.
For information on how much each city and county will receive for September 2012, click here.