Teague climbs over 21 percent in sales tax revenue for the year

Texas Comptroller Glenn Hegar today said state sales tax revenue totaled $3.55 billion in July, More than four percent more than in July 2018.

“State sales tax revenue growth was propelled by both business and consumer spending,” Hegar said. “The strongest growth was in remittances from the manufacturing, wholesale trade and services sectors, with strength apparent in the retail trade sector as well.”

Hegar also said state franchise tax revenue for July was $3.55 billion. Revenue was up 4.26 percent from July 2018, slightly above projections presented in the Biennial Revenue Estimate in July.

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