Tax rebates up in September
Combs sent out $559.2 million in July local sales tax allocations last week to cities, counties, transit systems and special purpose taxing districts. That is up 15.5 percent compared to the same time in 2011.
Tax rebate check totals for the City of Rockdale, Rockdale Municipal Development District (MDD) and Milam County remained steady compared to the same time a year ago. All are up double figures for the year thus far.
Rockdale’s September check was $47,738 compared to $44,993 for September 2011, up 6.2 percent. The city is also up 13.8 percent for the year at $530,284.
Rockdale’s Municipal Development District received $22,955 for the month, up 8.3 percent from a year ago. The MDD’s yearly total now sits at $246,263, up 18.2 percent.
Milam County’s check for September was $95,131, up 12.5 percent from $84,546 a year ago. The county sits at $927,520 for the year, up 23.9 percent.
The sales tax figures represent monthly sales made in July as well as money remitted at the close of the tax amnesty period.
STATEWIDE—“The strong business and consumer spending trend boosted the monthly sales tax revenue, as did money remitted at the close of the state’s tax amnesty which ended in August,” Combs said. “The state’s sales tax revenue for fiscal 2012 was $24.1 billion, about 12.6 percent higher than the previous fiscal year.
Texas cities received $366.3 million in tax allocations, up 13.2 percent compared to September 2011.
Allocations to counties are running 23.1 percent ahead of this point in 2011, with $37.8 million going out to them in September.
Combs also sent $28.7 million to special purpose taxing districts, up 32.8 percent compared to September 2011.