Promising Sign: Texas Sales Tax Collections Rise
Texas – Texas Comptroller Susan Combs says state sales tax collections were $1.57 billion in September, up 6.8 percent compared with the same month a year ago.
The figures released Wednesday showed a larger monthly percentage gain than the state had been seeing recently.
Combs says sales tax increases were posted across almost all sectors, including oil and gas, construction, manufacturing, wholesale trade, retail trade and restaurants.
Texas relies heavily on sales tax to fund the state budget. Collections have been sluggish because of the recession.
Copyright 2010 The Associated Press.