Ups and downs in local sales tax revenue continue

June 18, 2014

by Carla Noah Stutsman
State sales tax revenue in May was $2.45 billion, up 8.5 percent compared to May 2013, according to a press release from State Comptroller Susan Combs.
“Sales tax growth was evident across all major economic sectors,” Combs said. “The growth was led by the retail and wholesale trade sectors, the oil and natural gas mining sector, and the services sector. This marks the 50th consecutive month of increased state sales tax revenues, and brings the fiscal year-to-date growth to 5.4 percent.”

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