Tyler and Longview’s Sales Tax Revenues Down Slightly.
Posted/updated on: January 8, 2016 at 2:01 am
AUSTIN — Texas Comptroller Glenn Hegar announced he will send cities, counties, transit systems and special purpose taxing districts $617.2 million in local sales tax allocations for January, 0.1% less than in January 2015. These allocations are based on sales made in November by businesses that report tax monthly. Hegar also said that sales tax revenue for the state in December was $2.33 billion, down 1.1% compared to December 2014. Tyler’s sales tax revenues for the period came to $3,065,758.51. That is down 1.46% from the same period last year. Longview’s drop was a little steeper. Their sales tax revenue was $2,555,989.23. This is down 14.1% from the same time last year.
According to Hegar, as with the previous two months, the state’s December sales tax revenue, “was down largely due to spending reductions in oil and gas-related sectors. This was expected, given ongoing weakness in oil and natural gas prices. Remittances from other sectors, such as construction and information, continued to grow.â€





