Texas Sales Tax Revenue Up

Presumably the sales tax revenue for the City of Georgetown will increase a like amount. More money for the Council to spend! 

(AUSTIN) — Texas Comptroller Glenn Hegar today said state sales tax revenue totaled $2.77 billion in June, 13.7 percent more than in June 2017."Sales tax revenue increased for almost all major economic sectors," Hegar said. "The strong revenue growth was led by collections from the mining and manufacturing sectors. The construction, wholesale and retail trade sectors also saw strong gains."Total sales tax revenue for the three months ending in June 2018 was up 12.4 percent compared to the same period a year ago. Sales tax revenue is the largest source of state funding for the state budget, accounting for 58 percent of all tax collections.