NEWS
State sales tax revenue totaled $3.6 billion
| (AUSTIN) — Texas Comptroller Glenn Hegar today said state sales tax revenue totaled $3.57 billion in March, 5.9 percent more than in March 2022. The majority of March sales tax revenue is based on sales made in February and remitted to the agency in March.“In line with our biennial revenue forecast, state sales tax collections resumed the recent trend of significant but slowing growth, with the gain compared with the previous year being the lowest since the end of pandemic restrictions two years ago,” Hegar said. “Growth in tax receipts was evident across all major sectors, with the exception of retail trade, as consumers reallocate budgets away from goods in favor of services as inflation continues to impact shoppers.“Receipts from the oil and gas mining sector led the way for all sectors, showing nearly a 50 percent gain for the third straight month. Remittances from the construction sector were up by double digits compared with last March, and receipts from the wholesale trade sector showed gains compared with a year ago, indicating business spending is still very strong in the state.“Remittances from the retail trade sector were negative compared with the same month the previous year for the first time since April 2022. Within the sector, general merchandise receipts were down the most compared with last year. Remittances from the sale of building materials declined for the third consecutive month, as the pace of home improvements and remodeling projects that saw enormous increases at the height of the pandemic decidedly slowed. Receipts from clothing and accessory stores were down moderately.“Restaurant receipts were up considerably for the second month in a row compared with a year ago, outpacing the inflation rate for food away from home by nearly 50 percent.” Total sales tax revenue for the three months ending in March 2023 was up 8.7 percent compared with the same period a year ago. Sales tax is the largest source of state funding for the state budget, accounting for 56 percent of all tax collections. Texas collected the following revenue from other major taxes: motor vehicle sales and rental taxes — $432 million, up 12 percent from March 2022; motor fuel taxes — $287 million, up 4 percent from March 2022; oil production tax — $427 million, down 10 percent from March 2022; natural gas production tax — $267 million, down 23 percent from March 2022; hotel occupancy tax — $61 million, up 21 percent from March 2022; and alcoholic beverage taxes — $138 million, up 11 percent from March 2022.For details on all monthly collections, visit the Comptroller’s Monthly State Revenue Watch. For an extensive history of tax policy developments and fees since 1972, visit our updated Sources of Revenue publication. |
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Montague County Commissioners wrapped up a few items before the end of the year as they met on Dec. 23.
Grant Coordinator Charley Lanier asked the court to go ahead and obligate $276,961.84 from the American Rescue Funds to complete the new wastewater treatment plant that will serve the courthouse complex.
He explained Dec. 30 is the last date where grant funds can be obligated, and he did not expect any issues since this project had already been approved in court using ARPA funds, he called it a “safety net,” to avoid any problem and possible return of the funds to the federal government.
Montague County has about $276,961.84 in grant funds which has not been allocated.
The court gave approval on the request.
Lanier also asked the court to apply for a grant for a tire cutter. Funded through the Nortex Regional Planning Commission and Texas Commission on Environmental Quality, the application will ask for $26,865 to purchase a larger gas-powered cutter on a trailer, which can be moved around for use. It would cut the larger tires into four pieces, which would be allowed into a landfill. Lanier said if the cutter comes through the county would need to obtain a permit for its use from TCEQ, which he added should not be an issue.
Commissioner Mark Murphey said he picks up more tires abandoned on the county roads than he disposes of at his own yard, adding he probably has 500 at his yard. The court gave approval to apply for this competitive grant.
The remainder of Monday’s brief meeting were year-end items. Bonds for the justice of the peace one, county clerk, county attorney, district attorney, sheriff, commissioner three and constable two were accepted.
A cooperative agreement with Texas A&M AgriLife Extension Service and the county was approved, along with a license and services agreement with Local Government Solutions to provide software for both justice of the peace officers. The county attorney’s Chapter 59 Asset Forfeiture report was presented with no new seizures or forfeiture.
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