Minor sales tax gains for Hays County cities

Texas state sales tax revenue topped $2.29 billion in October, which was a slight 0.2 percent increase from the same month in 2015, according to a press release. 

Glenn Hegar, Texas comptroller, said opposing trends in consumer and business spending resulted in slight growth in revenue. 

nov-tax“Continued declines in collections from minting, manufacturing and wholesale trade sectors, reflecting the subdued level of drilling for oil and natural gas production, were offset by significant gains from retail trade and restaurants,” Hegar said in a statement. 

According to the release, state tax revenue for a three-month period ending in October fell by 2.1 percent compared to the same period in 2015. 

Sales tax revenue, according to the release, is the largest source of state funding for the budget, which accounts for 58 percent of all tax collections. 

Motor vehicle sales and rental taxes, motor fuel taxes and oil and natural gas production taxes also are large revenue sources for the state.

Texas collected $396 million in motor vehicle sales and rental taxes in October 2016, which was a 4.6 percent dip from a year previous. 

Also falling were oil and natural gas production taxes, which fell by 6.9 percent from October 2015. 

But the state collected $299 million in motor fuels taxes in October 2016, which constituted a 2.1 percent rise from the same month in 2015. 

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