Continued economic growth and recovery produced another strong month of sales tax collections.
An excerpt from an e-mail sent earlier this morning from the Texas Comptroller states: “Total sales tax collections for December jumped 9.5 percent compared with December 2010, marking the 21st consecutive month of year-to-year gains. Texas Comptroller Susan Combs attributed the gains to improvement in all major economic sectors including oil and natural gas production, retail trade and restaurants.” [Emphasis mine]
Another solid indication that Texas has emerged from the Great Recession and is headed in the right direction.
-James Quintero