The details
Per the website, Texas Comptroller Glenn Hegar, who serves as chief financial officer for the state, paid Richardson $4.9 million in sales tax revenue in November, down just over 9% from the $5.4 million in sales tax revenue reported in November 2023.
The year-to-date sales tax revenue totals $49.4 million, down 8.9% from the $54.2 million reported for the same time period last year.
Zooming out
While Richardson sales tax revenue is down, November sales tax revenue statewide is up 4.7% from last year and totaled $4.3 billion, according to a new release from Hegar’s office.
Sales tax is the largest source of funding for the state budget and makes up approximately 58% of all taxes collected in the state. Sales tax revenue for November is based on sales made in October.
