Rebates still in decline here
However, the City of Rockdale, along with Milam County are down in rebate money compared to the amounts received in June 2010.
Rockdale’s rebate check for June 2011 was down just over 20 percent compared to their check in the same time last year. Rockdale received $ 44,646 this month and $55,855 in June 2010.
The cit y is dow n 16.32 percent for the year and has received $ 312,384 for the year.
Milam County’s check was $75,755 for June, down 8.55 percent compared to $82,846 for the same time in 2010.
The county’s total for the year, $491,928 is down just over eight percent compared to 2010.
June’s sales tax allocations represent sales that occured in April.
“Spending in sectors such as the oil and gas industry and manufacturing helped increase state sales tax revenue,” Combs said. “Retail spending also grew. Texas has now had 14 straight months of sales tax revenue increases.”
For June 2011, $468.7 million in local sales tax allocations went out to cities, counties, transit systems and special purpose taxing districts. That is a 7.2 percent increase from June 2010.
Combs sent out June sales tax allocations of $311.8 million to Texas cities, up 6.6 percent compared to June 2010. Calendar year-to-date, city sales tax allocations are running 6.3 percent higher than last year.
Texas counties will receive sales tax payments of $30.3 million, up 13.6 percent compared to one year ago. Calendar yearto date, county sales tax allocations are 12.8 percent higher than this time in 2010.
In addition, $21 million goes out to 179 special purpose taxing districts around the state, up 13.1 percent compared to June 2010.