Jul 13 2011

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Combs distributes revenue

Texas Comptroller Susan Combs said that state sales tax revenue in June was $1.72 billion, up 7.2 percent compared to June 2010.
“The state’s sales tax revenue has now increased for 15 months in a row,” said Combs.  “Strong business spending boosted sales tax revenue in sectors such as the oil and gas industry and manufacturing, and the retail sector continued to show growth.”
On July 11, Combs will send sales tax allocations totaling $474.5 million to cities, counties, transit systems and special purpose taxing districts, up 7.2 percent compared to July 2010.
Texas cities will receive $315.5 million, up 6.2 percent compared to July 2010.  So far this calendar year, city sales tax allocations are up 6.3 percent compared to the same time period last year.  Texas counties can anticipate sales tax payments of $29.7 million, up 10 percent compared to last July. So far this year, sales tax allocations to counties are running 12.4 percent ahead of this point in 2010.
Combs will send $20.8 million to 177 special purpose taxing districts, up 13.3 percent compared to last July.  Ten local transit systems will get $108.3 million in sales tax allocations, up 8.2 percent compared to a year ago.
July sales tax allocations represent sales that occurred in May.

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