Sales Tax Revenue Up for Texas, Lubbock
Sales tax revenue for the State of Texas is up yet again.
Texas Comptroller Susan Combs announced Wednesday that state sales tax revenue for April was $2.07 billion, up 10.9 percent from the same period in 2011.
“Sales tax revenue has now increased for 25 consecutive months,” said Combs. “Growth was led by the oil and natural gas-related sectors, while significant gains also came from retail trade and restaurants.
$633 million will be sent to cities, counties, transit systems, and special purpose taxing districts, up 5.5 percent from May of 2011.
The City of Lubbock will receive more than 5,465,400 as their sales tax payment, a 4.4 percent increase from April of 2011.
Idalou will receive just over $19,000, seeing a 4.57 percent decrease from one year ago, and Slaton’s tax payment of more than $61,545 is down 2.3 percent from the same period in 2011.
The City of Midland’s payment decreased to just over $4.9 million, a 5.13 percent decrease from April 2011, but Odessa is seeing more success.
Odessa will receive more than $3,475,500 for April 2012’s payment, a 17.62 percent increase from the same time in 2011.