Texas Sales Tax Revenue Grows From Last Year
AUSTIN (AP) - State sales tax revenue was up 12.2 percent last month in Texas.
That’s compared to receipts from the previous November. Texas Comptroller Susan Combs announced the figures Wednesday.
She says it marks the 20th consecutive month of revenue growth. Sales taxes are one of the largest sources of revenue for the state and a 2009 slump contributed to this year’s state budget shortfall.
Combs says the numbers have improved in all major sectors, though receipts from the oil and natural gas industries are the strongest source of growth. Retail and restaurant sectors also showed strong increases.
The state collected $2.07 billion in November, based on October sales.
(© Copyright 2011 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)