Houston Sales Tax Revenues Up 14% From Last Year
by: Andrew Schneider, April 12, 2012 10:04:00 am
Houston will get a check for almost $40 million from State Comptroller Susan Combs’ office later this month. That’s compared to the $35 million it received last April. So far this year, overall sales tax payments from the state are up almost 12% here in Houston.
R.J. DeSilva is a spokesman for the comptroller’s office.
“This is an indication that the Texas economy is going strong. We’ve had sales tax revenue increases for 24 straight months now. A lot of that increase is led by the oil and gas industry, and other big sectors like retail and restaurants have also been doing well.”
Houston revenues are running behind those of Texas as a whole. Statewide, monthly sales tax revenue is up by almost 17% year-over-year for a total of $1.87 billion.