Texas – Increase in September Sales Tax Receipts
Texas – Sales tax revenue was up 11.8 percent in September compared to a year ago. In a release Combs said, “Texas sales tax collection have now increased for 18 straight months. All sectors showed increases in September, led by business spending, especially in the oil and gas-related sectors. Consumer sectors like restaurants a retail trade were also up. The recovery in Texas has brought sales tax collections almost back to peak 2008 levels, however the near-term outlook remains clouded due to the uneven performance of the U.S. economy.”
She will send September sales tax allocations totaling $505.2 million, up 13.9 percent compared to October 2010, to cities, counties, transit systems and special purpose taxing districts. Allocations to Tarrant County entities are up 13.03 percent from a year ago. Arlington allocations were up 9.3 percent; Fort Worth 3.07 percent; Hurst 4.21 percent; Grapevine 6.11 percent and Southlake 8.28 percent.