Texas Sales Tax Revenue Up Nearly 10 Percent
AUSTIN (AP) - Texas Comptroller Susan Combs says state sales tax revenue for January was up almost 10 percent over last year.
Combs reports 22 consecutive months of increased revenue.
Wednesday’s sales tax report showed revenue for January at $2 billion, and Combs says tax revenues continue to grow in all major categories. The January increase was led by the oil and natural gas sectors. Restaurants and services sectors also showed increases.
The state will distribute about $709 million to local governments.
The figures are based on monthly sales made in Decembers as well as sales by business that file quarterly and annual tax reports.
(© Copyright 2011 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)
Also Check Out: