Texas ranked $3.2 billion in sales tax revenue in January

LUBBOCK, Texas (KCBD) - According to the Texas Comptroller of Public Accounts, the state ranked in another 3.2 billion dollars in sales tax revenue from sales made in January. That is more than 20% over last year.

While oil and gas revenue is up, it is still below “pre-pandemic” levels.

Nonetheless, business and consumer spending are both up, surpassing that 2019 metric.

Notably, restaurants are reporting double-digit gains.

Governor Greg Abbott attributes that robust growth to Texas winning the “Governor’s Cup” for a record 10th year in a row.

This “Site Selection” magazine award highlights top-performing states for job creation and capital investment.

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