(AUSTIN) — Texas Comptroller Glenn Hegar today said state sales tax revenue totaled $3.69 billion in May, 8.6 percent more than in May 2021. 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. The majority of May sales tax revenue is based on sales made in April and remitted to the agency in May. “Strong, […]
