State Sales Tax Revenue Up for Texas & Lubbock
Sales tax revenues are up for both Lubbock and Texas.
Texas Comptroller Susan Combs announced Wednesday that State sales tax revenue for July was $2.05 billion, a 10.1 percent increase compared to July 2011.
Sales tax allocations of $632.1 million will be sent out to cities, counties, transit systems, and special purpose taxing districts. The sales tax allocation payments overall are up 4.2 percent compared to August 2011.
Much of the increase comes from business spending in the oil and gas industry, as well as success in other sectors.
“That spending, along with increases in consumer sectors such as retail trade, continues to boost sales tax collections,” said Combs. “State sales tax revenue has now increased for 28 straight months.”
The City of Lubbock will receive more than $5,325,700, a 9.85 percent increase from the same period last year. The City has collected almost $37,068,200 this year from sales tax allocation payments.
Midland has also seen a sizable increase in their August allocation payment. They will receive nearly $4,959,200, a 14.3 percent increase from August 2011.
Odessa’s payment will be more than $3,557,000, which is a 19 percent increase from the same time last year.
Slaton will receive more than $57,300, a modest 3.6 percent increase from the same period in 2011, and Wolfforth will get nearly $32,160, an 11.42 percent increase.
Not all area cities showed such a healthy increase, with Idalou receiving $17,172, an 8.4 percent decrease from August of last year.
Levelland’s payment from the State will be more than $311,000, a 1.11 percent decrease from last August.
Lamesa will receive nearly $146,500, an 8 percent decrease from one year ago, and Sweetwater will get $289,200, a sizable 48.23 percent decrease.
Snyder has seen a modest decrease of 3.9 percent, and will receive more than $342,100.
For their August payment, Abilene will receive almost $3,663,300, a 9.21 percent decrease from August 2011.
Larger metropolitan areas in Texas have shown improvement, with Houston receiving more than $54,041,000, an 8.43 percent increase.
Dallas will get nearly $22,331,000, a 4 percent increase, and Austin will receive almost $14,599,000, up 6.87 percent. San Antonio has shown a modest 1.4 percent increase, and will receive more than $22,618,000.
All sales tax allocations for the State of Texas are available here.