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The Texas Tribune
The Texas Tribune
National
By Sameea Kamal

Sales tax receipts will be closely watched as Texas tracks economic jolt of tariffs

Texas Glenn Hegar Sales Tax The Texas Tribune Dan Patrick Donald Trump Economy Rice University United States
A view of the Margaret Hunt Hill Bridge from The Tower Club on the 48th floor of the Santander Tower in downtown Dallas, on Nov. 07, 2023. Texas metros have a glut of vacant offices space driven by the rise of remote work, overbuilding and other factors during the pandemic. One option companies are doing to combat the changes, is to convert office space into residential housing.
A view from a downtown Dallas office tower. Any clouds that shadow the Texas economy will become evident in data tracking sales tax revenue, according to the office of the state comptroller. (Credit: Ben Torres for The Texas Tribune)

As looming tariffs rock the U.S. economy, the Texas comptroller says he is closely monitoring sales tax revenue and the price of oil, and that the current forecast already anticipates a softening of the economy.

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