EAST TEXAS (KTRE) – The state's sales tax revenue increase 9.7 percent in February compared to the same period last year.
Texas Comptroller Susan Combs said $1.75 billion dollars was collected, a combined $1.2 million of it will come back to the cities of Lufkin and Nacogdoches.
"This is the 11th straight month that sales tax revenue has increased," said Combs. "Much like in recent months, there were increases across all major sectors including oil and gas activity, manufacturing and retail trade. We will continue to monitor current economic conditions and gauge the effects on consumer and business spending."
On Friday, Combs will deliver $433.1 million in March sales tax payments to Texas cities, counties, transit systems and special purpose districts. Local sales tax allocations are up 7.1 percent compared to March 2010. So far this calendar year, local sales tax allocations are up 7.9 percent compared to the first three months of 2010.
The city of Lufkin has received $3.2 million in sales tax revenue so far this year. That's up 4.72% compared to the same time in 2010. While the city of Nacogdoches has received $1.4 million in sales tax revenue, compared to the same period last year; up 11.49%.
Combs will send March sales tax payments of $289.4 million to Texas cities, up 6.7 percent compared to March 2010. So far this year, sales tax allocations to cities are up 7.1 percent compared to the same point in 2010. Texas counties will receive March sales tax payments of $27.1 million, up 11.1 percent compared to one year ago. County sales tax allocations so far this year are up 13.7 percent compared to a year ago.
The 174 special purpose taxing districts around the state will get $18.2 million in sales tax revenue, up 15 percent compared to last March. Ten local transit systems will receive $98 million, up 5.9 percent.
State sales tax revenue for February and March payments made to local governments represent sales that occurred in January.
For details of March sales tax payments to individual cities, counties, transit systems and special purpose districts, locate the Monthly Sales and Use Tax Allocation Comparison Summary Reports on the Comptroller's Web site at http://www.window.state.tx.us/taxinfo/allocsum/compsum.html.