Texas Comptroller Glenn Hegar has announced that state sales tax revenue totaled $2.67 billion in June, 6.5% less than in June 2019.
“The decline in state sales tax collections was driven principally by steep drops in remittances from oil- and gas-related sectors,” Hegar said. “Collections from the construction and amusement service sectors were also sharply down.”
Retail trade receipts however rose significantly, buoyed by increased online shopping and building material purchases, as business premises were modified for COVID-19 precautions. Comptroller Hegar also noted, “Retail sales likely also were boosted by increased alcoholic beverage sales at package, grocery and convenience stores.”
