City, county sales tax allocations up for month
Combs sent out $671 million in August local sales tax allocations recently to cities, counties, transit systems and special purpose taxing districts. That is up 6.2 percent compared to the same time in 2012.
The tax rebate checks for the City of Rockdale, Rockdale Municipal Development District (MDD) and Milam County were all up for August. The city and county are up for the year, but MDD saw a small decrease for the year.
Rockdale’s check this month was $70,490.06 compared to $67,942.83 for August 2012, up 3.74 percent. Totals are just barely up from what they were for the year at .01 percent less, with $482,606.84 received so far this year, compared to $482,546.24 at this point in 2012.
Milam County’s check was $119,565.77, up 24.27 percent from $96,212.93 a year ago. Totals for this year have Milam County at $1,179,666.70, up 41.72 percent from this point in 2012. Last year’s total in August was 832,388.32.
MDD—The MDD received $31,931.78 for the month, up 2.66 percent from last August’s $31,101.85. However, totals are slightly down, .30 percent, for the year. The district has received $222,634.42 thus far in 2013, compared to $223,307.94 compared to this time last year.
Sales tax figures represent monthly sales made in June as well as April, May and June sales by businesses that report tax quarterly.
STATEWIDE—“Texas sales tax revenue has increased for 40 consecutive months,” Combs said. “The retail trade sector bolstered the latest growth in monthly revenue and collections from the construction and the oil and natural gas sectors continued to show strength.”
Texas cities received $444.3 million in tax allocations, up 6.0 percent compared to Aug. 2012.
Allocations to counties are running 5.3 percent ahead of this point in 2012, with $42.7 million going out to them in August.
Combs also sent $34.5 million in allocations to special purpose taxing districts, up 10.6 percent of Aug. 2012.