Friday, December 3, 2021
63.6 F
Fort Worth

September sales tax revenue in Texas down 6.1% from a year ago

🕐 2 min read

By Cassandra Pollock, The Texas Tribune Oct. 1, 2020

September sales tax revenue in Texas down 6.1% from a year ago” was first published by The Texas Tribune, a nonprofit, nonpartisan media organization that informs Texans — and engages with them — about public policy, politics, government and statewide issues.

Sign up for The Brief, our daily newsletter that keeps readers up to speed on the most essential Texas news.

Texas collected about $2.6 billion in state sales tax revenue in September, state Comptroller Glenn Hegar said Thursday. That total is 6.1% less than what the state collected in September 2019.

“The COVID-19 pandemic and low price of crude oil continue to weigh on the Texas economy and sales tax revenue,” Hegar said in a news release. “As was the case the last month, state sales tax receipts from all major sectors, other than retail trade, were down compared with the same month last year, with the steepest declines in the oil and gas-related sectors.”

State sales tax revenue is the state’s single largest source of funding. The total revenue for July, August and September this year, Hegar said Thursday, was down 2.5% compared to the same period in 2019.

Receipts from restaurants, Hegar said, are still “significantly below pre-pandemic levels.” Receipts from big box retailers generally increased, he said, while department stores and apparel stores saw a decline.

Other sources of state revenue are still being impacted by economic shutdowns related to the coronavirus pandemic. For example, Texas collected $78 million in revenue from alcoholic beverage taxes in September — down 33.7% from the same month last year. Earlier this month, Gov. Greg Abbott said restaurants in the state could expand dine-in service to 75% capacity but that bars must remain closed.

Another major tax, the hotel occupancy tax, is also down about 37% in revenue from the same month last year.

                <p>This article originally appeared in <a href="http://www.texastribune.org/">The Texas Tribune</a> at <a href="https://www.texastribune.org/2020/10/01/texas-sales-tax-economy/">https://www.texastribune.org/2020/10/01/texas-sales-tax-economy/</a>.</p>
                <link rel="canonical" href="https://www.texastribune.org/2020/10/01/texas-sales-tax-economy/">
                <p>The Texas Tribune is proud to celebrate 10 years of exceptional journalism for an exceptional state.
                

Related Articles

Our Digital Sponsors

Latest Articles

Fort Worth Business Press Logo
This advertisement will close in
00
Months
00
Days
00
Hours
00
Minutes
00
Seconds
seconds..
Click here to continue to Fort Worth Business Press

Not ready to subscribe?

Try a few articles on us.

Enter your email address and we will give you access to three articles a month, to give us a try. You also get an opportunity to receive our newsletter with stories of the day.

This field is for validation purposes and should be left unchanged.

Get our email updates

Stay up-to-date with the issues, companies and people that matter most to business in the Fort Worth.

  • Restaurants
  • Technology
  • and more!

FWBP Morning Brief

FWBP 5@5

Weekend Newsletter

  • Banking & Finance
  • Culture
  • Real Estate