State sales tax revenue totaled $2.5 billion in November

Texas Comptroller Glenn Hegar said today that state sales tax revenue totaled $2.51 billion in November, 2.9 percent less than in November 2015.

“Continued weakness in the manufacturing and wholesale trade sectors, combined with persistently lower levels of oil and gas drilling activity compared to the same period last year, is exerting ongoing downward pressures on sales tax revenues,” Hegar said. “Receipts from restaurants and retail trade grew modestly. While those industries are larger individual sources of sales tax revenue, their modest growth was not sufficient to overcome the combined drop in tax collections from manufacturing, wholesale trade, and oil- and gas-related sales tax receipts.”

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