Texas is wrestling with a sales tax revenue problem

[endicom]

Hot Air
Jazz Shaw
July 18, 2017

Texas is one of the places you’d expect to be booming in the current economy and you wouldn’t be far off the mark to think so. Their unemployment rate is down to 4.6%, ahead of the national curve. And that’s happening at the same time as their population is surging. (Up past 27.5M and rising at one of the faster rates in the nation.) Under these conditions you’d think that the government would be riding fairly high on the hog, revenue-wise.

More... http://hotair.com/archives/2017/07/18/texas-wrestling-sales-tax-revenue-problem/

[endicom]

Worth following, IMO, to see how they address the problem.

[thackney]

...sales taxes make up more than half the state's revenues...

... according to the Comptroller, only about 1 percent of the state's sales tax revenues come from online sales. Since the Census reports that 8.7 percent of retail sales come from e-commerce, that suggests substantial avoidance by online retailers....

http://www.houstonchronicle.com/business/texanomics/article/Is-the-internet-hurting-Texas-tax-revenues-11293808.php

[endicom]

http://www.houstonchronicle.com/business/texanomics/article/Is-the-internet-hurting-Texas-tax-revenues-11293808.php

I guess a reduction in spending is out of the question. And that may be much out of the question due to federal mandates.

[Sanguine]

Interesting.  Thanks, @endicom.

[endicom]

Interesting.  Thanks, @endicom.

You're welcome, @Sanguine.

[IsailedawayfromFR]

From article

Texas got their budget passed this summer, running to the tune of $217B, but the Governor wound up slicing more than $120M out of it.

There is a problem with the budget by taking 0.05% from it?

They are fabricating a problem here.

Texas is fine, no matter what.

[corbe]

   In spite of most 'Tublets' buying their beverage of choice, by the case, in their Hometown (Houston, Dallas, Austin, San Antonio), Sales Tax Dollars are just flowing into the City coffers here (New Braunfels), so why did my property taxes almost double this year?



   There will not be a return to the 'Can Ban' this year, Labor Day is safe from the nanny state.

[Sanguine]

   In spite of most 'Tublets' buying their beverage of choice, by the case, in their Hometown (Houston, Dallas, Austin, San Antonio), Sales Tax Dollars are just flowing into the City coffers here (New Braunfels), so why did my property taxes almost double this year?



   There will not be a return to the 'Can Ban' this year, Labor Day is safe from the nanny state.

Because we have to support the infrastructure for all of our new residents?

[IsailedawayfromFR]

   In spite of most 'Tublets' buying their beverage of choice, by the case, in their Hometown (Houston, Dallas, Austin, San Antonio), Sales Tax Dollars are just flowing into the City coffers here (New Braunfels), so why did my property taxes almost double this year?



   There will not be a return to the 'Can Ban' this year, Labor Day is safe from the nanny state.

Turn 65 and that problem goes away.