Sales Tax Revenue Up Again for Texas, Lubbock
Sales tax revenue is up again for Texas.
Texas Comptroller Susan Combs announced Wednesday that state sales tax revenue in October was $2.03 billion, up 8.2 percent compared to 2011.
Combs said that “The state’s growth in sales tax revenue continued to be led by collections from the oil and natural gas-related sectors. We also saw strong consumer spending drive gains in retail trade and the restaurant sector as well.”
The sales tax allocation for Lubbock is more than $5,232,000, up 7.1 percent from last year’s $4,885,000.
Levelland will receive $322,794, an 11.16 percent increase from the same period last year. Tahoka will receive $19,490, a 32 percent increase from the same period as well.
Midland will receive more than $4,960,000, a 17.46 percent increase, and Odessa will get $3,487,000, a 15 percent increase from last year.
The City of Dallas saw a very slight decrease of 0.48 percent, receiving $21,093,000. Fort Worth will get more than $10,667,000, a modest 1.06 percent increase.
Houston’s sales tax allocation for this period is $51,735,754, up 6.72 percent, and Austin is up 5.7 percent, receiving nearly $13,759,900.