Comptroller Distributes $590 Million in Monthly Sales Tax Revenue

(AUSTIN) — Texas Comptroller Glenn Hegar said today that state sales tax revenue in February was $2.46 billion, up 11.7 percent compared to February 2014.

 

“This marks the 59th consecutive month of year-over-year growth — an encouraging sign that Texas’ diverse economic engine continues to drive spending growth in households and businesses all over the state,” Hegar said.

 

“Receipts from manufacturing and wholesale and retail trade showed strong growth,” Hegar said. “And despite the decline in oil and natural gas prices, tax receipts from the oil and natural gas sector were once again up sharply over last year.”

 

Hegar will send cities, counties, transit systems and special purpose taxing districts their March local sales tax allocations totaling $590.1 million, up 6.7 percent compared to March 2014.

 

(Source Printable PDF: City of San Marcos 2014-2015 Fiscal Budget)

 

 

 

 

 

 

 

 

 

The sales tax figures represent January sales reported by monthly tax filers.