Sales Tax Revenue Up in Texas For January 2013
Sales tax revenue continues to climb for the Lone Star State, according to the Texas Comptroller’s Office.
Texas Comptroller Susan Combs announced Wednesday that state sales tax revenue for January 2013 was $2.12 billion, up 6.1 percent compared with January of 2012.
“Growth in sales tax receipts was led by the construction, retail trade, and restaurant sectors,” said Combs. “State sales tax revenue has now increased for 34 consecutive months.”
The sales tax payment for Lubbock increased to more than $6,593,000 for January 2013, up 11.15 percent from the same month in 2012.
Wolfforth also saw a comfortable 24.8 percent increase in their payment from the state, receiving $37,186. Idalou received $20,678, a 13.55 percent increase, and Buffalo Springs’s allocation payment is $879, an 89.4 percent increase from their January 2012 payment.
Plainview saw a modest 2.04 percent increase for last month, receiving $381,136, Abernathy’s payment from the state is $18,486, a 5.6 percent increase, and Levelland’s allocation is $355,551, an 8.25 percent increase from the same period in 2012.
Midland’s boom is not slowing, receiving a payment of more than $6 million, up 15.7 percent, and Odessa’s payment is $3,904,000, a 9.68 percent increase from January 2012’s sales tax allocation payment.
Not all area cities received a larger payment. Floydada will receive more than $28,700, a 30.2 percent decrease, and Post’s payment is $96,354, an 11.8 percent decrease from the same period last year.
Austin’s sales tax payment for January 2013 is more than $17,500,000, up 6.5 percent, and San Antonio’s payment will drop more than 2.6 percent to more than $26,280,000.
Dallas will receive more than $25 million, up 2.8 percent, and Fort Worth’s payment is more than $12,487,000, a 4.6 percent increase. Houston posted a 5.2 percent increase, and has received almost $61,455,000.
Overall, Texas’ sales tax allocations sent back to cities, counties, transit systems, and special purpose taxing districts totals $741 million, up 4.6 percent from the payments sent in February of 2012.