City shows sales tax gain
Grand Prairie sales tax revenue in June registered a 9.60 percent increase compared with June 2009, according to figures released Thursday by Texas Comptroller Susan Combs. For the year, city sales tax revenue is down slightly from 2009.
|
Net Payment |
Comparable Payment |
% Change |
2010 Payments |
2009 Payments |
% Change |
|
2,830,535.16 |
2,582,435.66 |
9.60% |
20,354,281.76 |
20,527,021.57 |
-0.84% |
Texas Comptroller Susan Combs said that state sales tax revenue in June totaled $1.61 billion, a 2.2 percent increase compared to June 2009.
“Total sales tax collections have now slightly exceeded year-ago levels for a third consecutive month,” Combs said. “Net collections in the oil and gas and manufacturing sectors expanded, but collections from the all-important retail sector were down from the year-ago level. While overall economic activity is no longer contracting, a resumption of solid growth in sales tax collections is not yet in evidence.”
