State Sales Tax Revenue Totaled $2.8 Billion in November
(AUSTIN) — Texas Comptroller Glenn Hegar said today that state sales tax revenue totaled $2.78 billion in November, 11.1 percent more than in November 2016.
“The double-digit growth in sales tax revenue compared to last year was fueled, in part, by increased collections from oil- and natural gas-related sectors,” Hegar said. “Recent higher oil prices have spurred increased well drilling and completion. Collections from retail trade and restaurants were also up, reflecting growth in consumer spending.”
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