Sunday, March 18, 2012

Texas experiences double-digit decrease in sales-tax revenue - Baltimore Business Journal:

hegenefipa.blogspot.com
percent compared to June 2008. “The oil and gas, constructiojn and retail trade sectors showedcontinued weakness, resultingv in a sharp decrease in sales-tax collectionsw in June,” Combs says. “Contributing to the decrease was not only the weaknesd in thesethree sectors, but also the strongg level of collections received from them in June In addition to the $1.57 billionb set aside for the state, Combse send $426.7 million to cities, transit systems and special-purposwe taxing districts in July. This is down 8.8 percent from July 2008. San Antonik received a monthly sales-tax allocation chec k for $14.75 million for July. This is down 14.96 percent from July 2008.
receivedx a sales-tax allocation checik for $6.5 million in July. This is down 16.71 percenty from July 2008. The San Antonio Advanced Transportatiobn District received a checkfor $3 million. This is down 15.26 perceny from July 2008. State sales-tax collections in June and local sales-ta x allocations in July are based on retaikl sales that occurredin May.

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