Heading for A Texas Slowdown

By: Mike George Email
By: Mike George Email

The economics are simple on this one. When we pull back and don't spend, sales taxes in our cities and communities decline. So it should come as no suprise State Comptroller Susan Combs today reports
sluggish sales are hurting sales tax revenue for Texas cities and
counties.

Combs says local governments got $433 million from sales tax in
March. That's a drop from $665.6 million returned to local
governments last month.

The state's revenue from sales tax also dropped $180 million to
$1.74 billion in February.

Though revenue had been up in previous months, the comptroller's
office doesn't expect to see funding bounce back right away due to
the declining economy.


Join the Conversation!

To comment, the following rules must be followed:

  • No Obscenity, Profanity, Vulgarity, Racism or Violent Descriptions
  • No Negative Community Comparisons
  • No Fighting, Name-calling, Trolling or Personal Attacks
  • Multiple Accounts are Not Allowed
  • Stay on Story Topic

Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.

Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Questions may be sent to comments@kbtx.com. Please provide detailed information.

powered by Disqus
KBTX-TV Channel 3 4141 E. 29th Street Bryan, TX 77802 Phone: (979) 846-7777 Fax: (979) 846-1490 News Fax: (979) 846-1888
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 41221202 - kbtx.com/a?a=41221202