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Texas collected about $2.6 billion in state sales tax revenue in May, leading to the steepest year-over-year decline in over a decade, Comptroller Glenn Hegar announced Monday.
The amount is 13.2% less than the roughly $3 billion the state collected in the same month last year.
A majority of the revenue collected last month was from purchases made in April and reflect the state's first full-month look at how the novel coronavirus impacted businesses. That is when Texans lived under a statewide stay-at-home order and Gov. Greg Abbott, like leaders across the globe, ordered businesses across several sectors to close to combat the spread of the virus.
"Significant declines in sales tax receipts were evident in all major economic sectors, with the exception of telecommunications services," Hegar said in a news release. "The steepest decline was in collections from oil and gas mining, as energy companies cut well drilling and completion spending following the crash in oil prices."
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