State Sales Tax Collection Grows Slightly
The growth in sales tax collections for Texas continues, but not by much.
It’s still too early to say we are having sustained sales tax growth. While the state has seen positive numbers for the last five months, it’s not necessarily robust growth. In August, collections were only up 0.8 percent. Texas Comptroller Spokesman RJ DeSilva says for the fiscal year that ended in August, sales tax collections were down 6.6 percent, but adds that could have been a much higher number. “Mainly due to the fact that for the last five months we had some slight growth, when the first seven months of the year we had double digit drops.” DeSilva says the hope is that growth will start to pick up, but it’s too early to tell if that will happen.