Texas sees surge in sales-tax revenue
— reported by the Houston Business Journal
According to Texas Comptroller Carole Keeton Strayhorn, the state collected nearly $1.6 billion in sales tax revenue in April, an increase of 17.2 percent compared with April 2005.
“The Texas economy is healthy and sales tax revenue is expanding at a pace I have not seen since I have been Texas comptroller,” Strayhorn says.
Local governments have also seen double-digit sales tax growth. According to Strayhorn’s office, local governments will receive $501.9 million in May sales tax allocations, an increase of 10.1 percent compared with May 2005.