By Barry Harrell
Texas saw sales tax collections rise in June, with revenue of $1.98 billion, a 15.2 percent increase over the same month last year, the state comptroller’s office said Wednesday. It was the 27th consecutive month in which sales tax revenue has increased, the comptroller’s office said.
Sales tax is an important source of revenue for the state, paying for a number of services, from schools to prisons.
The collection numbers reported Wednesday reflect sales made in May.
“Strong business spending in industries such as manufacturing and oil and natural gas boosted the latest sales tax collections,” Texas Comptroller Susan Combs said in a news release. “Revenue from consumer spending in the retail trade and restaurant sectors also did well.”
The comptroller’s office said it will distribute $535 million in local sales tax allocations to cities, counties, transit systems and other taxing entities, a 12.7 percent increase over July 2011.
Most Central Texas cities saw their sales tax allocations for July increase over the same month last year, according to data from the comptroller’s office.
Austin’s allocation rose to $12.5 million, a 10.7 percent increase over July 2011’s $11.4 million.
Among other Central Texas cities, Dripping Springs (25.6 percent), New Braunfels (20.6 percent), Bastrop (18.9 percent) and Kyle (18.4 percent) saw the biggest percentage increases in sales tax allocations. Cities seeing declines from last year were Buda (-7.5 percent), Round Rock (-4.7 percent) and Sunset Valley (-3.9 percent), according to data from the comptroller’s office.
Contact Barry Harrell at 912-2960