Tax revenue down from last year

HARLINGEN — State sales tax revenue collections in June totaled $2.2 billion, down 0.8 percent compared to June 2015, Texas Comptroller Glenn Hegar said.

“Sales tax revenue growth continues to be hobbled by reduced spending in oil- and gas-related sectors,” Hegar said in a statement. “Despite the recent increase in oil prices, spending is below even the reduced levels seen a year ago.”

Total sales tax revenue for the three months ending in June 2016 is down 1.9 percent compared to the same period a year ago.

Sales tax revenue is the largest source of state funding for the state budget, accounting for 56 percent of all tax collections. Motor vehicle sales and rental taxes, motor fuel taxes and oil and natural gas production taxes also are large revenue sources for the state.

In June 2016, Texas collected the following revenue from those taxes:

-Motor vehicle sales and rental taxes — $421.7 million, down 0.1 percent from June 2015;

-Motor fuel taxes — $295.1 million, up 7.6 percent from June 2015; and

-Oil and natural gas production taxes — $205.1 million, down 31.8 percent from June 2015.

County-by-county sales tax revenues for May will be released later this month.