Texas Sales Tax Revenue Up 37% In March

Texas Comptroller Glenn Hegar reported Monday that  state sales tax revenue totaled $3.37 billion in March, up 37.2 percent over comparable collections last year.

“State sales tax collections reached a new high for the month of March, with exceptionally strong growth evident across all major economic sectors,” Hegar said.

“Surging consumer spending as the omicron wave recedes — supported by strong employment and wage growth and savings accumulated during the pandemic — spurred double-digit growth in receipts from almost all retail segments.  Hegar added that “Growth in receipts from sectors driven by business spending, including oil and gas mining, construction, manufacturing and wholesale trade, also continues to be robust, though receipts from oil and gas mining still remain well below pre-pandemic levels despite the elevated energy prices of recent months.”