Rebates down from year ago
AUSTIN—Texas Comptroller Susan Combs announced last week that the state sales tax revenue in January was $1.83 billion, up 10.4 percent compared to January 2010. Those numbers meant mainly an increase in funds compared to a year ago across most of Milam County.
However, the City of Rockdale and Milam County itself received less than the amounts received in February 2010.
The City of Rockdale’s rebate check for February 2011 was down 7.8 percent compared to their check in the same time last year. Rockdale received $71,678 this month.
The City of Buckholts was also down compared to February 2010 with a decline of 36.8 percent received.
Milam County’s check was $106,107 for February, down just eight-tenths of a percentage point compared to the same time in 2010.
January state sales tax collections and February’s local sales tax allocations represent sales made in December, and also include earlier sales by businesses that report sales tax to the Comptroller on a quarterly or annual basis.
STAT EWIDE–“ Sales ta x revenues have now improved for the last ten months, reflecting increased activity in almost all major economic sectors,” Combs said. “The strongest growth was from sectors fueled by business spending, such as oil and gas activity. Tax collections from retail trade were also up.”
Combs will send $654.8 million in local sales tax to Texas cities, counties, transit systems and special purpose taxing districts, up 5.9 percent compared to sales tax distributions to local governments in February 2010.
The Comptroller will send $440.3 million in sales tax to Texas cities, up 5.4 percent compared to February 2010 payments. Texas counties will receive February sales tax payments of $39.7 million, up 13.1 percent compared to last February.
The 175 special purpose taxing districts around the state will get $28.6 million in sales tax, up 16.1 percent compared to February 2010. Ten local transit systems will receive $146 million in February sales tax payments, up 3.8 percent compared to a year ago.
|Taxing||entity||Feb. 2011||Change||YTD 2011||Change|
|*||Levy||uncollected||at this time||last year.|
|**||Boundary||lines of||Municipal||District||were re-||drawn||during the year.|