An assessment by the United States Geological Survey has found that Texas could be sitting atop 20 billion barrels of oil, 1.6 billion barrels of natural gas liquids, and 16 trillion cubic feet of associated natural gas.
Sales tax revenues are a clear indicator of the strength of local and state economies. High revenues mean people are spending money and feel confident about their financial situation. Low revenues mean the opposite.
The State Comptroller's Office reports local shares of the state sales tax went up for most areas of the state in January, for the 11th straight month. That includes Angelina County, but not for everybody.
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