July tax rebates up for Rockdale, Milam
AUSTIN—Texas Comptroller Susan Combs sent out $534.6 million in July local sales tax allocations last week to cities, counties, transit systems and special purpose taxing districts. That is up 12.7 percent compared to July 2011.
Combs said that state sales tax revenue in June was $1.98 billion, up 15.2 percent compared to June 2011.
Tax rebate check totals for the City of Rockdale, Rockdale Municipal Development District and Milam County all remained steady compared to the same time a year ago.
Rockdale’s rebate check for July 2012 was $58,383, compared to $42,582 for July 2011, up 37.1 percent. The city is also up 16.8 percent for the year at $414,603.
Rockdale’s Municipal Development District received $28,231 for July, up 38.4 percent from a year ago. The MDD’s yearly total now sits at $192,206, up 20.8 percent.
Milam County’s check for July was $135,949 up 82.8 percent from $74,353 a year ago. The county sits at $736,175 for the year, up 30 percent.
The sales tax figures represent monthly sales made in May.
STATEWIDE—“Sales tax revenue has increased for 27 consecutive months in Texas,” Combs said. “Strong business spending in industries such as manufacturing and oil and natural gas boosted the latest sales tax collections. Revenue from consumer spending in the retail trade and restaurant sectors also did well.”
Texas cities received $350.3 million in tax allocations, up 11 percent compared to July 2011 and an increase of 8.55 percent for the year.
Sales tax allocations to counties are running 19.7 percent ahead of this point in 2011, with $35.6 million going out to them in July. County allocations are up 14.7 for the year.
Combs also sent $27.1 million to special purpose taxing districts, up 30.2 percent compared to July a year ago. They are up 24 percent for the year.