Texas Comptroller Susan Combs Releases State Sales Tax Revenue Report for April 2014
Sales tax revenue numbers for the month of April have been released.
The Texas Comptroller’s Office said today that the state sales tax revenue in April was more than $2.27 billion dollars which is 5.6 percent higher than April 2013.
The report claims revenue was spurred by increases in the telecommunications and services sectors, as well as increased business spending in the wholesale trade sector.
The report also states April marks 49 consecutive months of growth in sales tax collection.
Cities will receive $471.7 million in local sales tax allocations for the month of May, more than 6.8% higher than May 2013. Counties will receive $4.8 million, which is 5.6% higher than last year, and transit systems will receive their allocations totaling $159.4 million dollars.
Altogether, sales tax allocations will total more than $716 million dollars for the state of Texas, 7.1% higher than May 2013.
The City of Lubbock will receive $5,970,588 dollars in allocations for May 2014, up 4.07% from last year. Allocation values for select cities in the South Plains are as follows:
Amarillo – $6,935,795 (5.48% increase)
Abilene – $3,841,811 (1.68% increase)
San Angelo - $2,526,218 (8.73% increase)
Midland – $6,145,564 (20.51% increase)
Odessa – $4,343,411 (17.08% increase)
To see the official report, visit the Comptrollers website.