Texas Bay Area Sales Tax Revenues Show Growing Economy
- Sales Tax News
- May 8, 2012 | Susan McLain
The Bay Area in Texas includes Houston, Nassau Bay, Pasadena and Deer Park among other cities. According to the Bay Area Citizen, “[t]he economic news for the Bay Area just keeps getting better and better with March sales tax receipts….”
Apparently, Texas March sales tax revenue was up 16.9 percent compared with the same time period in 2011. That means $1.87 billion more in revenue for the area. Most Texas counties have been concerned that their growth has been fueled by oil and gas-related purchases, which could be temporary increases. But the Bay Area Citizen indicates that the retail sector and restaurant revenues also increased.
“We’re spending more and eating out more,” said the report. Only three cities in the area showed a decrease in revenues over last year, and some showed over 20 percent increase. Dickinson, Texas showed a 41.92 percent increase over last year’s collections.
All this adds up to a real positive, and Susan Combs, Texas Comptroller, says, “The latest sales tax revenue numbers mark a continuation of recent trends we have seen in sales tax receipts.”