Dublin sales tax collections were up significantly in July, at 15.49% higher compared to July 2022, according to the state sales tax report released by Texas Comptroller Glenn Hegar this month.
For the month of July 2023, Dublin received $48,238.10, compared to $41,765.34 in July 2022.
(Sales tax reports generally reflect sales from two months prior as the local sales are reported to the state which processes them and disburses sales tax back to the local entities.)
Hegar also said state sales tax revenue totaled $3.98 billion in August, 5.7% more than in August 2022.
The majority of August sales tax revenue is based on sales made in July and remitted to the agency in August.
“August receipts from the oil and gas mining sector finished the fiscal year as they did every month this year by leading gains in collections among all major sectors,” Hegar said. “Growth in receipts from the other sectors driven primarily by business spending were more muted, as has been the case in recent months. Remittances from the construction and manufacturing sectors were up slightly compared with last August, while receipts from the wholesale trade sector were negative for the fourth time in five months.
“Remittances from the retail trade sector overall were up from a year ago, but results within the sector were mixed. Online shopping receipts were up by double digits compared with last August, but receipts from building materials stores, electronics and appliance stores, and furniture and home goods stores continued to show weakness as the boom seen during the pandemic in these sectors continues to fade.
“Restaurant receipts were slightly above the inflation rate for food away from home in July.”
Total sales tax revenue for the three months ending in August 2023 was up 5% compared with the same period a year ago. Sales tax is the largest source of state funding for the state budget, accounting for 57% of all tax collections.
Texas collected the following revenue from other major taxes in August: motor vehicle sales and rental taxes — $659 million, up 1% from August 2022; motor fuel taxes — $329 million, up 3% from August 2022; oil production tax — $501 million, down 18% from August 2022; natural gas production tax — $137 million, down 74% from August 2022.