Rockdale rebates continue to rise

State tax revenue up for 22 consecutive months

AUSTIN—Texas Comptroller Susan Combs sent out $708.5 million in February sales tax allocations last week to cities, counties, transit systems and special purpose tasking districts. That is up 8.2 percent compared to February 2011.

Combs said that state sales tax revenue in January was $2 billion, up 9.5 percent compared to January 2011. State sales tax revenue has now increased for 22 consecutive months, according to the Comptroller’s office.

Tax rebate checks for Rockdale, the Rockdale Municipal Development District and Milam County are all up again by double figure percentages compared to the same month in 2011. It was the same for the allocations received in January.

Rockdale’s rebate check for February 2012 was $83,819, compared to $71,678 for February 2011, up 16.9 percent. The city is up 14.8 percent for the year at $136,041.

Rockdale’s Municipal Development District received $38,182 for February, up 23 percent from a year ago. The MDD’s yearly total now sits at $63,498, up 20.7 percent.

Milam County’s check for February was $120,686, up 13.7 percent from $106,107 a year ago.

The sales tax figures represent sales that occurred in December 2011 as well as sales by businesses that report tax on a quarterly or annual basis.

STATEWIDE—”Sales tax revenue continues to grow in almost all major economic categories and revenue has now increased for 22 consecutive months,” Combs said. “ The recent monthly increase was led by the oil and natural gas-related sectors. Restaurants and services sectors also showed significant gains.”

Texas cities received $470.1 million, up 6.7 percent compared to February 2011.

Sales tax allocations to counties are running 10.7 percent ahead of this point in 2011, with $44 million going out to them in February.

Combs also sent $33.5 million to special purpose taxing districts, up 16.9 percent compared to February a year ago.

Click here for digital edition
2012-02-16 digital edition

Copyright 2009-2017 Rockdale Reporter, All Rights Reserved.

Special Sections

Special Sections