Texas State Comptroller Glenn Hegar released sales tax allocation numbers for July which showed all cities in Brown County with increases.
The growth in allocations for Bangs and Early were 25.97% and 10.19% respectively over the same month last year. Cities of Brownwood and Blanket also saw small increases in allocations of 1.43% and 4.86% respectively.
Hegar also said today that state sales tax revenue in June was $2.2 billion, down 1.4 percent compared to June 2014.
“This slight decline was expected due to the slowdown in the oil and gas mining sector, and is in line with the biennial revenue estimate presented in January,” Hegar said. “Receipts from the construction, information, restaurant and services sectors continued to grow, however, which is a testament to Texas’ diverse and dynamic economy.”
This marks the first decline in state sales tax revenue following 62 consecutive months of growth.Texas Comptroller Glenn Hegar will send cities, counties, transit systems and special purpose taxing districts their July local sales tax allocations totaling $609.8 million, which represents an increase of 1.2 percent compared to July 2014.
The sales tax figures represent monthly sales made in May by businesses that report tax quarterly.
