Sales Tax Revenue Up in Texas, Lubbock for February 2013
State sales tax revenue continues to climb for the State of Texas.
Texas Comptroller Susan Combs announced Wednesday that state sales tax revenue for February 2013 was $2.08 billion, a 3.7 percent increase compared with February 2012.
“Sales tax revenues continue to grow, but at a more moderate pace compared to recent months,” said Combs. “The latest increase was led by receipts from the construction and restaurant sectors. Collections from other major sectors such as oil and natural gas-related businesses and manufacturing remain at high levels.”
The City of Lubbock will receive a sales tax payment of nearly $4,265,000, a 10 percent increase from February 2012. Wolfforth will receive 35,527, a 46 percent increase from one year ago, and Idalou will get a payment of $13,409, a 5.4 percent increase.
The City of Plainview will get more than $252,500, remaining steady from February 2012, and Post’s payment from the state will be almost $86,900, a 10 percent increase from the same period last year.
Levelland will receive a payment of more than $281,700, a 4 percent increase from one year ago, Snyder will get a payment of more than $270,800, up 8 percent from the same period last year, and Floydada saw a 42 percent decrease from February 2012, and will receive $20,808.
Midland continues to improve, and they will receive more than $4,552,700, a 17 percent increase from the same period last year. Odessa’s payment will be more than $2,896,000, a nearly 19 percent increase over February 2012.
Austin will receive a sales tax payment of nearly $12,654,000, a 13 percent increase over last year; San Antonio’s payment will be $17,980,000, an increase of almost 8 percent, and Houston’s payment will be a hefty $44,983,000, up 9 percent from February 2012.
The sales tax payment to Dallas will be more than $18,584,000, an increase of nearly 13 percent from February 2012, and Fort Worth will get a payment of $8,770,569, an increase of 8 percent over last year.
Overall, the state will distribute $531.3 million to cities, counties, transit systems, and special purpose taxing districts.