Rockdale rebates start year on downside
Texas Comptroller Susan Combs announced last week that the state sales tax revenue in December was $1.81 billion, up 9.4 percent compared to December 2009. That in turn, led to rebates in most of Milam County that were above those received at the same time last year.
However, the City of Rockdale and Milam County itself received less than the amounts received in January 2010.
The City of Rockdale’s rebate check for Januar y 2011 was down 5.5 percent compared to their check in the same time last year. Rockdale received $46,741 this month. The city received a rebate of $49,507 in January 2010.
Cameron, Thorndale, Buckholts and Milano all received more money this month compared to January 2010.
Milam County’s check was $73,253 for January, down 3.7 percent compared to the same time in 2010.
The county’s check was $76,122 the same time last year.
December state sales tax collections and January allocations to local governments represent sales that occurred in November.
STATEWIDE–“This marks the ninth consecutive month of year-over-year improvement in sales ta x revenues, w ith increases posted across the board,” Combs said. “There were increases in the oil and natural gas and manufacturing sectors reflecting recovering business spending. Sales tax in the retail trade and restaurant sectors were also up.”
In Combs’ Biennial Revenue Estimate released last week, she forecasted growth in sales tax revenue for the current fiscal year as well as the next two fiscal years.
Local sales tax revenues of $453.2 million are up 11.9 percent compared to January 2010.
Combs sent January sales tax allocations of $302.6 million to Texas cities, up 10.3 percent compared to January 2010. Texas counties will receive sales tax payments of $28.5 million, up 17.3 percent compared to last January.
In addition, $18.9 million will go to 175 special purpose taxing districts around the state, up 16.8 percent compared to last January. Ten local transit systems will get $103.1 million in sales tax allocations, up 14.4 percent compared to a year ago.