San Antonio’s sales tax revenues up significantly for July
Texas Comptroller Susan Combs said Friday that the state collected $1.61 billion in sales tax revenue for the month of June.
This is a 2.2 percent increase compared to June 2009.
“Total sales tax collections have now slightly exceeded year-ago levels for a third consecutive month,” Combs says. “Net collections in the oil and gas and manufacturing sectors expanded, but collections from the all-important retail sector were down from the year-ago level. While overall economic activity is no longer contracting, a resumption of solid growth in sales tax collections is not yet in evidence.”
Next week, Combs will send $442.8 million in sales tax allocations to cities, counties, transit systems and special-purpose taxing districts no checking account payday advance.
San Antonio will receive $17 million from the state for the month of July. This is a 15.8 percent increase over July 2009.
Bexar County does not collect a sales tax. VIA Metropolitan Transit will receive $7.8 million in sales tax revenue from the Comptroller’s Office for July. This is an 18.8 percent increase over July 2009.
The San Antonio Advanced Transportation District will receive $3.3 million from the state for July, an 8 percent increase over July 2009.
State sales tax revenue in June and local sales tax allocations in July represent sales that occurred in May.