Texas Comptroller of Public Accounts
FOR IMMEDIATE RELEASE
September 10, 2015
(AUSTIN) — Along with his monthly sales tax allocation announcement, Texas Comptroller Glenn Hegar today released totals for overall state revenues, as well as some of the state's most significant revenue sources.
"State revenues for fiscal 2015 came in very close to the amounts we projected in January before the legislative session," Hegar said. "As we predicted, the Texas economy has seen moderate growth despite weakness in the energy sector. The accuracy of our fiscal 2015 estimate provides a firm foundation as we begin to prepare the Certification Revenue Estimate."
The primary purpose of the Certification Revenue Estimate (CRE) is to revise revenue projections following a legislative session, taking into account actions taken by the Legislature affecting revenue and final revenue numbers for the recently ended fiscal year. It also allows the Comptroller's office to revise previous revenue projections and the economic forecast based on the most current information.
Hegar also announced he will send cities, counties, transit systems and special purpose taxing districts $638.1 million in local sales tax allocations for September, which represents an increase of 1.7 percent compared to September 2014.
Hegar also said today that state sales tax revenue in August was $2.6 billion, down 0.4 percent compared to August 2014.
"The slight decline in sales tax revenue was due to reduced receipts from oil and gas-related sectors, offset by growth from other sectors," Hegar said. "Higher collections from retail trade, restaurants and services indicated continued growth in consumer spending, while receipts from construction also grew."
|Recipient||Sept. 2015 Allocations||Change from Sept. 2014||Year-to-date change|
|Cities||$417.9M||↑ 2.4%||↑ 4.8%|
|Counties||$39.6M||↓ 5.5%||↑ 2.6%|
|Transit Systems||$143.0M||↑ 1.2%||↑ 5.8%|
|Special Purpose Taxing Districts||$37.6M||↑ 2.8%||↑ 9.7%|
|Total||$638.1M||↑ 1.7%||↑ 5.2%|
The sales tax figures represent monthly sales made in July by businesses that report tax quarterly.
For details of September sales tax allocations to individual cities, counties, transit systems and special-purpose districts, visit the Monthly Sales Tax Allocation Comparison Summary Reports on the Comptroller's website.
In 2015, the Texas Legislature passed House Bill 855, which requires state agencies to publish a list of the three most commonly used Web browsers on their websites. The Texas Comptroller’s most commonly used Web browsers are Google Chrome, Microsoft Internet Explorer and Apple Safari.