Texas Sales Tax Revenues Down

Texas Sales Tax Revenues Down (Texas Comptroller)

Hegar said today that state sales tax revenue in August was $2.5 billion, down 2.6 percent compared to August 2015.

“The decline in state sales tax revenue was led by reduced collections from the oil and natural gas-related sectors, but collections from the retail trade and information sectors also were down compared to a year ago,” Hegar said. “Increases continued to be seen from construction and restaurants.”

Georgetown continues to realize increasing sales tax revenue, but, it cannot continue if the state sales tax revenues continue to decline.