Dublin sales tax collections were slightly up, at 3.4%, in April, compared to April 2021, according to the June state sales tax report released by Texas Comptroller Glenn Hegar this month.
This followed strong March collections as sales tax reports were up about 20% last month as well.
Many of the reports over the last couple of years have been up or about the same.
On the state level, Hegar reported Texas sales tax collections were $3.69 billion in May, 8.6 percent more than in May 2021, for April’s sales taxes. The majority of May sales tax revenue is based on sales made in April and remitted to the agency in May.
Annual revenue growth of 8.6 percent suggests modest growth in underlying taxable economic activity, in view of the current inflationary environment with Consumer Price Index inflation at 8.3 percent in April.
“Strong, double-digit growth was seen once again in sectors driven primarily by business spending, with receipts from the oil and gas mining sector continuing to exhibit particularly robust growth compared to a year ago,” Hegar said. “Receipts from the construction and wholesale trade sectors also continue to show strong growth.
“Receipts from the services sector posted another substantial gain compared to the same month last year. Spending at sporting events and concerts was especially strong last month as consumers continue to spend more on live entertainment after being restricted during the pandemic. Receipts from restaurants also increased compared to May 2021.
“Increases in these consumer-driven sectors, coupled with a decrease in receipts from the furniture and general merchandise sectors compared to a year ago, may further indicate that sectors that benefited from pandemic spending patterns will face continued headwinds due to a shift in consumer spending patterns from goods to services.”
Total sales tax revenue for the three months ending in May 2022 was up 15.7 percent compared to the same period a year ago. Sales tax is the largest source of state funding for the state budget, accounting for 59 percent of all tax collections.
Texas collected the following revenue from other major taxes:
• motor vehicle sales and rental taxes — $603 million, up 9 percent from May 2021;
• motor fuel taxes — $319 million, up 1 percent from May 2021;
• oil production tax — $595 million, up 64 percent from May 2021;
• natural gas production tax — $413 million, the highest monthly collections on record, up 216 percent from May 2021;
• hotel occupancy tax — $69 million, up 44 percent from May 2021; and
• alcoholic beverage taxes — $154 million, the highest monthly collections on record, up 22 percent from May 2021.