Diboll sales tax revenue continues to climb

Sales tax revenue is up all across the state, but not many have shown a 27 percent increase over last year as Diboll has.
State sales tax revenue in July was $2.2 billion, up 7.3 percent compared to July 2012.  Diboll’s sales tax revenue was $73,454 up 53.42 percent over July 2012.
That increase takes Diboll to $424,333, which is a 27.2 percent increase over what the 2012 payments to date – more than $90,000.
“Texas sales tax revenue has increased for 40 consecutive months,” Texas Comptroller Susan Combs said.  “The retail trade sector bolstered the latest growth in monthly revenue, and collections from the construction and the oil and natural gas sectors continued to show strength.”
Combs sent cities, counties, transit systems and special purpose taxing districts their August local sales tax allocations totaling $671 million, up 6.2 percent compared to August 2012.
The sales tax figures represent monthly sales made in June as well as April, May and June sales by businesses that report tax quarterly.