Futures and Commodity Market News

Sat Nov 21, 2009

Breaking financial news 24/7 courtesy of TradingCharts.com Inc. / TFC Commodity Charts

Nov 07, 2009 (Fort Worth Star-Telegram - McClatchy-Tribune Information Services via COMTEX) -- Texans were still spending carefully in October, and the state collected $1.52 billion in sales taxes, or 12.8 percent less than the same month a year ago, the state comptroller said Friday.

It represented the eighth straight month of declines.

"Declining sales tax collections, which began in February, have continued with October's collections," said Susan Combs, the Texas comptroller. "Tax collections are down in major sectors of the economy, including retail trade, oil and natural gas, and construction."

Sales tax payments to Tarrant County and its cities, made the month after their collection, dropped 8.7 percent compared with November 2008. Fort Worth was among the cities hurt by the sluggish economy, down 12.6 percent.

BARRY SHLACHTER, 817-390-7718

To see more of the Fort Worth Star-Telegram, or to subscribe to the newspaper,
go to http://www.dfw.com. Copyright (c) 2009, Fort Worth Star-Telegram, Texas
Distributed by McClatchy-Tribune Information Services. For reprints, email
tmsreprints@permissionsgroup.com, call 800-374-7985 or 847-635-6550, send a fax
to 847-635-6968, or write to The Permissions Group Inc., 1247 Milwaukee Ave.,
Suite 303, Glenview, IL 60025, USA.

Barry Shlachter

Copyright (C) 2009, Fort Worth Star-Telegram, Texas

Please read the End User Agreement.
By accessing this page, you agree to the terms and conditions of the End User Agreement.

News provided by COMTEX