San Antonio sales tax revenue continues to dampen
Written on January 10, 2010
Texas Comptroller Susan Combs said Friday that the state collected $1.65 billion in sales tax revenue in the final month of 2009.
This is down 11.6 percent compared to December 2008.
“Declining sales tax collections, beginning in February 2009, have now extended through December 2009,” Combs says. “As has been seen the past several months, collections are down across most major sectors of the Texas economy, including oil and natural gas, construction, manufacturing and retail trade. It is expected the double-digit declines in tax collections seen over the last half-year will first moderate with collections returning to growth during the first or second quarter of 2010.”
San Antonio’s sales tax allocation totaled $14.7 million for January instant payday loans. This is down 5.79 percent from January 2009.
Bexar County does not assess a sales tax. VIA Metropolitan Transit — which assesses a half-cent sales tax — received $6.6 million for January. This is down 4.45 percent from December 2009.
The San Antonio Advanced Transportation District receives a quarter-cent of the local sales tax rate. The district received $3 million from the comptroller’s office. This is down 5.87 percent from a year ago.
December state sales tax collections and January allocations to local governments represent sales that occurred in November.
Filed in: economics.