June state sales tax revenues drop sharply, showing impact of COVID-19 shutdown

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June state sales tax revenues drop sharply, showing impact of COVID-19 shutdown

Thu, 07/09/2020 - 04:48
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AUSTIN—Texas Comptroller Glenn Hegar said this week that state sales tax revenues totaled $2.67 billion in June, 6.5 percent less than in June 2019. The majority of June sales tax revenue is based on sales made in May and remitted to the agency in June. Widespread social-distancing requirements were relaxed across much of the state in May. “The decline in state sales tax collections was driven…

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