Susan Combs, the Texas Comptroller, is set to testify before the state senate.
“The strong business and consumer spending trend boosted the monthly sales tax revenue, as did money remitted at the close of the state’s tax amnesty which ended in August,” said Combs.
Much of the increase comes from business spending in the oil and gas industry, as well as success in other sectors.
Lubbock County sees a 11.43% increase in June Sales Tax revenue from this time last year. The State of Texas is up 15.2% from June 2011 to June 2012.
A similar amnesty in 2007 brought in about $100 million in unpaid taxes.
Many taxing entities are getting more money due to increased sales tax revenue in their areas. Keep reading to find out how spending is increasing across the South Plains