- Comments: 0
- August 14, 2014
- in State News
- Visits: 147
- Last Modified: -/-
Comptroller distributes $707 million in sales tax revenue to local governments; Town of Van Horn up
(AUSTIN) — Texas Comptroller Susan Combs said today that state sales tax revenue in July was $2.34 billion, up 6.3 percent compared to July 2013.
"The growth in sales tax revenues reflected strength in both business and consumer spending,” Combs said. "The increase was led by remittances from the construction, services, and oil and natural gas-related sectors, as well as from retail trade and restaurants. Fiscal year-to-date, state sales tax collections are now up 5.3 percent.”
Combs will send cities, counties, transit systems and special purpose taxing districts their August local sales tax allocations totaling $706.9 million, up 5.3 percent compared to August 2013.
Van Horn will receive $76,989.76 from the comptroller for July sales tax revenues. Last year, the Town of Van Horn received $53,649.82, which represents a 43.50-percent increase from 2013. In 2013, the Town of Van Horn received $371,822.44. To date, sales tax receipts in 2014 have totaled $428,503.75, or a 15.24-percent increase from 2013.