Tax rebates up compared to Oct. 2010
Combs sent out October sales tax allocations totaling $505.2 million to cities, counties, transit systems and special purpose taxing districts, up 13.9 percent compared to the same time last year, according to the Comptroller’s office.
Tax rebate checks are up compared to October 2010 for Rockdale and Milam and its neighboring counties. However, for the year sales revenues are down.
Milam is t he only a rea county down for the year. Bell, Burleson, Falls and Lee counties all show a positive change for the year.
Rockdale’s rebate check for October 2011 was $45,223, compared to $43,190 for October 2010. The city is down 12 percent for the year, receiving $510,804 in 2011.
Milam County’s check for October was $78,283, up from $73,825 a year ago. However, the county’s total of $826,882 is still down 3.8 percent for the year.
The sales tax figures represent sales that occurred in August.
STATEWIDE—“ Texas sales tax collections have now increased for 18 straight months,” Combs said. “All sectors showed increases in September, led by business spending, especially in the oil and gas-related sectors. Consumer sectors like restaurants and retail trade were also up. The recovery in Texas has brought sales tax collections almost back to peak 2008 levels, however the nearterm outlook remains clouded due to the uneven performance of the U.S. economy.”
Texas cities received $336.6 million, up 12.2 percent compared to October 2010. So far this calendar year, city sales tax allocations are up 7.3 percent compared to the same time period last year.
So far this year, sales tax allocations to counties are running 25.1 percent ahead of this point in 2010, with $33.7 million going out to them in October.
Combs also sent $22.9 million to special purpose taxing districts, up 17 percent compared to October a year ago. Transit systems in the state received a total of $111.8 million in sales tax allocations for October, up 8.4 for the year.