Texas Comptroller Glenn Hegar today said state sales tax revenue totaled $3.79 billion in September, 2.8 percent more than in September 2022. The majority of September sales tax revenue is based on sales made in August and remitted to the agency in September.
“Modest growth in sales tax revenue compared with last year may reflect a slowing pace of economic growth, as well as cooling inflation,” Hegar said. “Remittances from the oil and gas mining sector led all major sectors in growth, as has been the case nearly every month since the economy began to emerge from the pandemic. Other sectors driven by business spending were mixed, with receipts from the construction sector up moderately while remittances from manufacturing and wholesale trade fell slightly.
“Remittances from the retail trade sector overall were slightly up from a year ago. Among retail subsectors, receipts from grocery stores saw the largest increase compared with a year ago, followed by those from convenience stores and gasoline stations. Receipts from the electronic shopping subsector grew moderately, while receipts from general merchandise stores were essentially flat compared with a year ago. Receipts from home improvement centers were down for the third consecutive month, and from furniture and home goods stores down for the eighth month in a row.
