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512-463-4070
1-800-531-5441 Fax 512-475-0345 www.window.state.tx.us |
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For Immediate Release:
Friday, Dec. 8, 2006 |
Contact: Sheila Clancy or Dick Ellis
512-463-4070 |
Strayhorn Delivers Final Local Sales Tax Allocations for 2006, Annual Local Sales Tax Revenues Hit Record High
(Austin)--Texas Comptroller Carole Keeton Strayhorn today said the state collected $1.73 billion in sales tax in November, up 9.4 percent compared to November 2005. The Comptroller sent local governments $403.8 million in December sales tax allocations, up 8.4 percent compared to December 2005.
"The final sales tax allocation of 2006 brings total local sales tax revenue for the calendar year to a record $5.2 billion," Strayhorn said. "This marks the first time local sales tax revenues have reached $5 billion in a single year."
"In 1999, in my first year as Comptroller, I distributed $3.5 billion in local sales tax. Compared to that year, annual local sales tax revenue is up 47.8 percent," Strayhorn said.
"Texas' population growth, diversity and economic strength have helped the state recover from the '02-'03 economic slowdown that followed the triple economic whammy of 9/11, the Enron and WorldCom scandals and the high tech bubble bursting. Local communities have bounced back from economic setbacks and natural disasters like Hurricane Rita," said Strayhorn.
Strayhorn sent Texas cities December sales tax allocations of $273.1 million, up 8 percent compared to December 2005. City sales tax allocations during calendar year 2006 totaled $3.5 billion, up 13.5 percent compared to calendar year 2005. Counties' December sales tax allocations were $24.8 million, up 13.9 percent compared to December 2005. Counties received $312.7 million in sales tax during calendar year 2006, up 16 percent compared to last year.
Ten local transit systems received December sales tax allocations of $93.2 million, a 7 percent increase over December 2005. Sales tax allocations to transit systems in 2006 totaled $1.2 billion, up 14.1 percent compared to the 2005 total. December sales tax allocations of $12.5 million went to 115 special purpose taxing districts, an increase of 17.6 percent compared to last December. Special purpose districts received $153.1 million during 2006, up 17.1 percent compared to 2005.
For details of December sales tax payments to individual cities, counties, transit systems and special purpose districts, locate the Monthly Sales and Use Tax Allocation Comparison Summary Reports on the Comptroller's Web site www.window.state.tx.us/taxinfo/allocsum/compsum.html.
The Comptroller's next local sales tax allocation will be made on Friday, Jan, 12.
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