State Tax Revenue on the Rise

Up 12.2 percent last month

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    NEWSLETTERS

    AP
    State tax revenue rises

    State sales tax revenue continues to rise, according to Texas Comptroller Susan Combs.

    She says this month marks the 20th consecutive month of revenue growth. Compared to receipts from last month, it rose 12.2 percent. In November, the state collected $2.07 billion based on October sales.

    For this month, Combs notes all major sectors saw an increase in revenue with oil and natural gas industries showing the strongest growth. Retail and restaurant sectors also showed strong increases.

    Sales taxes are one of the largest sources of revenue for the state and a 2009 slump contributed to this year's state budget shortfall.