Texas Comptroller Glenn Hegar today said state sales tax revenue totaled nearly $3.85 billion in September, 1.5 percent more than in September 2023. The majority of September sales tax revenue is based on sales made in August and remitted to the agency in September.
The five Lamb County cities received a combined total of $148,133.60 for sales tax revenue for August.
City by City, their returns were: The City of Amherst received $2,476.83, which is a 17.59% decrease over last year’s $3,005.72 return. So far this year, Amherst has received $ 28,245.16, a 10.24% increase over the $25,620.03 it received by this time last year.
The City of Earth received $7,773.29, which is an 8.41% increase over last year’s $7,170.14 return. So far this year, Earth has received $75,327.19, a 10.27% decrease over the $83,951.16 it received by this time last year.
The City of Littlefield received $102,607.19, which is a 27.35% decrease over last year’s $141,241.68 return. So far this year, Littlefield has received $1,109,198.07, a 17.18% decrease over the $1,339,299.31 it received by this time last year.
The City of Olton received $20,236.41, which is a 15.12% decrease over last year’s $23,841.97 return. So far this year, Olton has received $238,924.77, a 4.10% increase over the $229,505.44 it received by this time last year.
The City of Sudan received $15,039.88, which is a 2.82% increase over last year’s $14,626.17 return. So far this year, Sudan has received $150,395.84, a 1.37% decrease over the $152,488.14 it received by this time last year.
Over in Hockley County, the City of Anton received $10,087.73, which is a 27.01% increase over last year’s $7,942.46 return. So far this year, Anton has received $93,467.59, a 4.86% increase over the $89,128.19 it received by this time last year.
“While overall September sales tax collections grew modestly, receipts were down across most major sectors compared with a year ago,” Hegar said. “Growth was negative from all major sectors driven primarily by business spending, with the largest percentage decrease coming from the mining sector. Remittances from the wholesale trade sector were below the prior year for the third time in four months.
“Sales tax receipts from sectors driven primarily by consumer spending were mixed, with collections from the services sector coming in above their September 2023 totals but remittances from the retail trade sector, the largest sector, decreasing 0.5 percent.
“Receipts from restaurants increased from a year ago, though at slightly below the rate of inflation for food away from home for August.”
Total sales tax revenue for the three months ending in September 2024 was up 0.7 percent compared with the same period a year ago, which is below the 2.5 percent annual Consumer Price Index increase reported for August and suggests that spending on taxable items is down from a year ago in real terms. Sales tax is the largest source of state funding for the state budget, accounting for 58 percent of all tax collections.
Texas collected the following revenue from other major taxes: ·motor vehicle sales and rental taxes — $590 million, down 7 percent from September 2023; ·motor fuel taxes — $333 million, up 1 percent from September 2023; ·oil production tax — $516 million, down 5 percent from September 2023; ·natural gas production tax — $199 million, down 5 percent from September 2023; ·hotel occupancy tax — $62 million, up 6 percent from September 2023; and ·alcoholic beverage taxes — $148 million, up 3 percent from September 2023. For details on all monthly collections, visit the Comptroller’s Monthly State Revenue Watch. For an extensive history of tax policy developments and fees since 1972, visit our updated Sources of Revenue publication.