Texas Sales Tax Revenue Figures for March 2015
Texas’ sales tax revenue for the month of March grew by 1.5 percent from March 2014 to $2.12 billion, the 60th month of consecutive growth for the state.
Comptroller Glenn Hegar will distribute $577 million this month to local state governments including 4.6 million to the City of Lubbock, up from 4.4 million last year.
Within Lubbock County, Random and New Deal saw major growth of 53 percent and 38 percent, respectively. Ransom will receive more than $747, New Deal more than $2,600. Shallowater saw a decline in sales tax revenue of 24.9 percent, down to $7,831 from $10,428 in March 2014.
Hegar said the Lone Star State’s sales tax revenue growth continued despite a weakening energy sector.
“This moderated growth was expected and is currently in line with estimates presented in January,” said Comptroller Hegar.