Texas, Lubbock Sales Tax Revenue Increases for November
Sales tax receipts are up for the State of Texas.
Texas Comptroller Susan Combs is distributing more than $478 million in monthly sales tax revenue to local governments across the state. State sales tax revenue in November was $2.07 billion, up 12.2 percent from the same period one year ago.
The City of Lubbock will receive just over $3,944,000 in sales tax revenue, up 7.78 percent from November 2010. Lubbock County’s total payment rose 7.69 percent from last year, garnering almost $4,036,000 in sales tax revenue.
The City of Post’s sales tax payment has increased sharply as well. They will receive almost $84,650, up nearly 23 percent from November 2010. Snyder’s payment has increased sizably as well, jumping 38 percent to $296,882. Levelland has also posted an 18.6 percent increase, raising their payment to $245,565.
Midland will receive just over $4,004,000, a 29.9 percent increase from the same period last year, and Odessa’s payment will be almost $2,606,000, up 40.6 percent from 2010.
Abilene will receive almost $2,883,000, a 12.15 percent increase from November 2010.
“Sales tax revenue in all major economic sectors improved over a year ago,” according to Comptroller Combs. “While sales tax receipts associated with oil and natural gas production remains the strongest source of growth, there were strong increases from the consumer-driven sectors of retail trade and restaurants.”