Sales Tax Revenues Increase for Lubbock and Texas
Sales tax revenues for both Lubbock and Texas continue to climb.
Texas Comptroller Susan Combs has distributed $489 million in monthly sales tax revenue to local governments.
State sales tax revenue for March was $1.87 billion, up 16.9 percent compared to March 2011.
The City of Lubbock has received more than $4,004,000 in sales tax revenue, a 12 percent increase from March of 2011.
Midland’s sales tax revenue has increased as well, receiving more than $3,900,000, a 33.6 percent increase from the same time last year.
Odessa also saw a sizable increase as well, receiving over $2,736,000, up 40 percent from the previous year.
Levelland’s march payment increased nearly 27 percent from last year, Dimmitt has received almost 17 percent more than last year, and Snyder’s sales tax revenue payment from the state has increased to more than $451,000, an 86 percent increase from March 2012.
“The latest sales tax revenue numbers mark a continuation of recent trends we have seen in sales tax receipts,” Combs said. “Strong collections continued in oil and gas-related sectors, while growth in revenue from the retail sector and restaurants also accelerated.”