Sales Tax Receipts Way Up in Austin
Texas sales tax receipts are up 3.7 percent from a year ago. Here in Austin, sales taxes were up more than 13 percent from February 2012.
Economist Angelos Angelou says that points to the rapid growth of the Austin area, which he says is adding nearly 65,000 people a year.
“The economy is overperforming both the Texas and the national economies, so we’re doing well and we will continue, I think, to prosper,” Angelou said.
A big contributor to the Austin-area economic growth is the continued expansion of the high-tech sector, Angelou added.