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Texas Sales Tax Revenues Drop In May

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Courtesy: Chuck Smith / Red River Radio News

TEXAS SALES TAX REVENUE --The Texas Comptroller’s office reports that sales tax revenues for May fell more than 13 percent compared to the same time last year.   That's on top of April's 9.2 percent drop and is the steepest decline since 2010.   Glen Hegar who serves as Texas Comptroller of Public Accounts   says shuttered businesses and stay-at-home orders due to the COVID-19 pandemic increased losses in every sector except for telecommunications services. 

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Credit Courtesy: Wikimedia Commons-Country Park Portraits
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Courtesy: Wikimedia Commons-Country Park Portraits
Glenn Heger, Texas Comptroller of Public Accounts

"Unfortunately, with significant reductions in employment, income has obviously decreased," Heger explained. "We do think that sales tax revenues are going to be negative in the upcoming months as well."

Hegar says some declines were offset by gains from big box retailers and grocery stores that remained open as essential businesses.

Sales tax revenues, which are mostly based on commerce from the month before, fund more than half of the Lone Star state’s budget.

Chuck Smith brings more than 30 years' broadcast and media experience to Red River Radio. He began his career as a radio news reporter and transitioned to television journalism and newsmagazine production. Chuck studied mass communications at Southern Arkansas University in Magnolia and motion picture / television production at the University of California at Los Angeles. He has also taught writing for television at York Technical College in Rock Hill, South Carolina and video / film production at Centenary College of Louisiana, Shreveport.