Lubbock, statewide sales revenue down 11 percent for this month’ - FOX34 Lubbock

Lubbock, statewide sales revenue down 11 percent for this month’s payment

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LUBBOCK -

Lubbock sales tax revenue received this month is 11.34 percent lower than the payment made in June 2019. This month’s revenue of $5,362,340.23 is for sales made in April by businesses that report tax monthly.

Year-to-date sales tax revenue for Lubbock is $37,929,931.86, which is 1.76 percent higher than the year-to-date revenue reported through this point of last year.

Statewide the June payment is down 11.7 percent compared to the June 2019 payment, at $690.4 million sent collectively to various local governments.

Only one of the state’s top 20 cities saw an increase for the June payment. McKinney received a 12.13 percent increase compared to the June 2019 payment. The comptroller’s office reports Odessa received a 33.85 percent decrease, Midland with 23.7 percent less revenue. McAllen received 30.19 percent less.

While most of the top 20 Texas cities show either an increase or decrease of a few percent for year-to-date sales tax revenue, the oil and energy sector’s downturn is reflected in the year-to-date trend for the Permian Basin. Midland’s sales tax revenue is down 14.04 percent year-to-date, Odessa is down 18.15 percent year-to-date.

Widespread social distancing requirements were in place throughout April. The Comptroller’s office reports this month’s distribution of sales tax revenue statewide is the steepest year-over-year decline since September 2009.

Much more data, with the ability to search by city, county or other district is available here: https://comptroller.texas.gov/transparency/local/allocations/sales-tax/

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