(AUSTIN) â€” Texas Comptroller Susan Combs said today that state sales tax revenue in July was $2.34 billion, up 6.3 percent compared to July 2013.
“The growth in sales tax revenues reflected strength in both business and consumer spending,â€ Combs said. “The increase was led by remittances from the construction, services, and oil and natural gas-related sectors, as well as from retail trade and restaurants. Fiscal year-to-date, state sales tax collections are now up 5.3 percent.â€
Combs will send cities, counties, transit systems and special purpose taxing districts their August local sales tax allocations totaling $706.9 million, up 5.3 percent compared to August 2013.
Van Horn will receive $76,989.76 from the comptroller for July sales tax revenues. Last year, the Town of Van Horn received $53,649.82, which represents a 43.50-percent increase from 2013. In 2013, the Town of Van Horn received $371,822.44. To date, sales tax receipts in 2014 have totaled $428,503.75, or a 15.24-percent increase from 2013.