Hagar reports $3.9B in sales tax revenue

Texas Comptroller Glenn Hegar reported that state sales tax revenue totaled $3.99 billion in July, 2.7 percent more than in July 2022. The majority of July sales tax revenue is based on sales made in June and remitted to the agency in July. “The rate of sales tax revenue moderated last month, consistent with a slowing pace of economic growth and declining price inflation,?...

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