— Staff report
Texas Comptroller Susan Combs announced Wednesday that state sales tax revenue in July was $2.2 billion, up 7.3 percent compared to July 2012.
The resulting August allocation includes a payment of $819,661 for Cooke County.
“Texas sales tax revenue has increased for 40 consecutive months,” Combs said in a media release made available Wednesday. “The retail trade sector bolstered the latest growth in monthly revenue, and collections from the construction and the oil and natural gas sectors continued to show strength.”
Combs will send cities, counties, transit systems and special purpose taxing districts their August local sales tax allocations totaling $671 million, up 6.2 percent compared to August 2012.
Locally, the allocation breakdown is as follows: Gainesville received $753,016, a 0.68 percent increase compared to August 2012; Lindsay received $10,591, a 14.5 percent increase; Muenster received $33,813, a 15 percent decrease; Oak Ridge received $7,456, a 0.4 percent decrease; and Valley View received $14,783, a 9.3 percent decrease.
The sales tax figures represent monthly sales made in June as well as April, May and June sales by businesses that report tax quarterly.