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State sales tax revenue increases in February

🕐 1 min read

State sales tax revenue in February was $2.2 billion, up 5.8 percent compared with February 2013, according to Texas Comptroller Susan Combs. “Sales tax revenue continues its growth streak and has now increased 47 consecutive months,” Combs said in a news release. “Growth in tax collection was seen across all major economic sectors, including oil and gas, wholesale trade and the services sector.” Combs will send cities, counties, transit systems and special purpose taxing districts their March local sales tax allocations totaling $553 million, a 4.1 percent increase compared with March 2013.

Among the top 20 cities, Fort Worth came in fifth in net payment this period behind Houston, San Antonio, Dallas and Austin. Fort Worth’s sales tax check is $9 million an increase of 2.88 percent from the prior year period. Payments to date total $31.6, a rise of 7.17 percent from 2013 payments to date. Fort Worth’s transit sales were $4.6 million, a 3.90 percent change from 2013. Arlington’s sales tax check decreased 30.34 percent from $10.4 million to $7.2 million. The sales tax figures represent January sales reported by monthly tax filers. For details of March sales tax allocations to individual cities, counties, transit systems and special purpose districts, located the Monthly Sales Tax Allocation Comparison summary Reports on the comptroller’s website at http://www.window.state.tx.us/news2014/140312-allocations.html.

bdillard@bizpress.net  

Robert Francis
Robert is a Fort Worth native and longtime editor of the Fort Worth Business Press. He is a former president of the local Society of Professional Journalists and was a freelancer for a variety of newspapers, weeklies and magazines, including American Way, BrandWeek and InformatonWeek. A graduate of TCU, Robert has held a variety of writing and editing positions at publications such as the Grand Prairie Daily News and InfoWorld. He is also a musician and playwright.

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