Texas Comptroller of Public Accounts
FOR IMMEDIATE RELEASE
March 11, 2015
(AUSTIN) — Texas Comptroller Glenn Hegar said today that state sales tax revenue in February was $2.46 billion, up 11.7 percent compared to February 2014.
“This marks the 59th consecutive month of year-over-year growth — an encouraging sign that Texas' diverse economic engine continues to drive spending growth in households and businesses all over the state,” Hegar said.
“Receipts from manufacturing and wholesale and retail trade showed strong growth,” Hegar said. “And despite the decline in oil and natural gas prices, tax receipts from the oil and natural gas sector were once again up sharply over last year.”
Hegar will send cities, counties, transit systems and special purpose taxing districts their March local sales tax allocations totaling $590.1 million, up 6.7 percent compared to March 2014.
|Recipient||March 2015 Allocations||Change from March 2014||Year-to-date Change|
|Cities||$381.5M||↑ 6.1%||↑ 7.3%|
|Counties||$38.6M||↑ 7.5%||↑ 9.7%|
|Transit Systems||$134.1M||↑ 6.5%||↑ 7.7%|
|Special Purpose Taxing Districts||$35.9M||↑ 13.8%||↑ 13.6%|
|Total||$590.1M||↑ 6.7%||↑ 7.9%|
The sales tax figures represent January sales reported by monthly tax filers.
For details of March sales tax allocations to individual cities, counties, transit systems and special purpose districts, locate the Monthly Sales Tax Allocation Comparison Summary Reports on the Comptroller's Web site at http://comptroller.texas.gov/taxinfo/allocsum/compsum.html.
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