Texas Comptroller’s Office Announces June Sales Tax Revenue Distributions
Another set of positive economic indicators for Texas: The Texas Comptroller’s Office today announced monthly sales tax distributions for Texas municipalities totaling $514 million. State sales tax revenue in May was $2.09 billion, up 7.3 percent compared to May of last year.
“This marks 26 consecutive months of sales tax growth,” Comptroller Susan Combs said. “As the recovery continues, the year-to-year rate of growth is stabilizing. Collections remain strong in the oil and natural gas-related sectors as well as other segments of the Texas economy such as the restaurant industry.”
Lubbock’s sales tax allocation was $4 million, up 6.4 percent compared to May of last year. Other Texas cities include Abilene’s allocation of $3 million, up 3.3% compared to May of last year, Amarillo received $4.88 million, up 2 percent from one year ago, Midland received $4.1 million, up 14.2 percent compared to May of last year and San Angelo’s allocation was $1.7 million, up 10.5% compared to May of last year.