Texas Comptroller Glenn Hegar said state sales tax revenue totaled $4.09 billion in April, 6.7 percent more than in April 2022. The majority of April sales tax revenue is based on sales made in March and remitted to the agency in April.
Hegar said, “April sales tax revenue growth, moderately in excess of general price inflation, suggests economic expansion continues in spite of higher interest rates and fears of a recession.” He said, “The strongest growth continues to be from sectors primarily driven by business spending.”
Total sales tax revenue for the three months ending in April 2023 was up 8.8 percent compared with the same period a year ago. Sales tax is the largest source of state funding for the state budget, accounting for 56 percent of all tax collections.
