Rockdale rebate still on the positive side
AUSTIN—Texas Comptroller Susan Combs sent out $473.6 million in March sales tax allocations last week to cities, counties, transit systems and special purpose tasking districts. That is up 9.3 percent compared to March 2011.
Combs said that state sales tax revenue in February was $2.01 billion, up 14.8 percent compared to February 2011.
Tax rebate checks for Rockdale, the Rockdale Municipal Development District and Milam County continue to be up again compared to a year ago.
Rockdale’s rebate check for March 2012 was $44,224, compared to $40,329 for March 2011, up 9.6 percent. The city is also up 14.8 percent for the year at $180,266.
Rockdale’s Municipal Development District received $21,136 for March, up 11.6 percent from a year ago. The MDD’s yearly total now sits at $84,635, up 18.3 percent.
Milam Count y ’s check for March was $ 84,900, up 22.3 percent from $69,370 a year ago. It now sits at $301,862 for the year, up 21.3 percent.
The sales tax figures represent sales that occurred in January.
STAT EWIDE—“ Sa les ta x revenue in all major industries was up, indicating growth in both business and consumer spending” Combs said. “Rapid growth in tax collections continued from oil and natural gas sectors, while revenue from retail trade, restaurants and telecommunications was also up significantly.”
Texas cities received $312.7 million, up 8.0 percent compared to March 2011 and an increase of 7.6 for the year.
Sales tax allocations to counties are running 15.5 percent ahead of this point in 2011, with $31.4 million going out to them in March. Counties allocations are up 13.4 for the year.
Combs also sent $22.9 million to special purpose taxing districts, up 25.5 percent compared to March a year ago. They are up 21.6 percent for the year.