Sales tax revenue totaled $2.6 billion in March

(AUSTIN) — Texas Comptroller Glenn Hegar has said state sales tax revenue totaled $2.6 billion in March, 9 percent more than in March 2018.

“State sales tax revenue growth was again strong in March, as we saw increased collections in all major economic sectors, including retail trade, information services, oil and gas and restaurants,” Hegar said. “Much of the increase stemmed more from consumer spending rather than business spending.”

Total sales tax revenue for the three months ending in March 2019 was up 7.3 percent compared to the same period a year ago. Sales tax is the largest source of state funding for the state budget, accounting for 57 percent of all tax collections.