State sales tax revenue in March was $1.98 billion, up 5.5 percent compared to March 2012 according to Texas State Comptroller Susan Combs.
“Sales tax revenue growth was seen in both the business and consumer sectors of the economy,” Combs said. “Collections grew in sectors such as manufacturing and retail trade. Sales tax revenue has now increased for 36 consecutive months.”
Combs will send cities, counties, transit systems and special purpose taxing districts their April local sales tax allocations totaling $521.9 million, up 6.8 percent compared to April 2012.
The sales tax figures represent February sales made by monthly tax filers.
Locally, though, growth was not necessarily the case, with two area cities taking huge hits in sales tax revenues.
Springtown’s April check from the state, reflecting February sales, is $70,081. Compared with its revenue for February 2012 of $101,361, the city’s sales tax revenue is down by 30.85 percent.
On the year, the city of Springtown is down 7.78 percent from 2012, with year-to-date revenues coming in at $289,519 compared with $313,944 this time last year.
Sanctuary, too, saw an large drop in sales tax revenue with $1,270 – a 27.03 percent drop from its check of $4,174 in April 2012.
Sanctuary’s year-to-date collections total $4,174, 16.24 percent less than the $4,984 the town had collected through April 2012.
Lakeside’s April revenue of $5,102 is down 25.15 percent from April 2012 revenue of $6,816. Year-to-date, the town is 16.54 percent lower in collections with $24,934 compared with $29,878 for the same period in 2012.
But it’s the city by the bay that took the biggest hit in the area.
Pelican Bay’s $1,495 April check is 32.61 percent less than the $2,218 it received in April 2012. The city has collected a total of $5,817 in the first four months of this year – by this time last year, it had collected $8,852. That puts the city at a 34.28 percent deficit compared with 2012.
The remaining area cities saw moderate growth in their sales tax revenue compared to a year ago.
The city of Azle’s April sales tax check is $156,286, up 2.08 percent from April 2012 revenues of $153,089.
The city’s year-to-date sales tax collections total $677,608. Compared with 2012 revenues of $664,676, the city is up by 1.94 percent.
The city’s Crime Control and Prevention District received its April check in the amount of $29,617, a 2.12 percent jump over April 2012 revenues of $29,000. The district is up 3.24 percent for the year, with collections totaling $127,810 as compared with $123,791 for the same period in 2012.
The city of Reno saw the greatest growth in sales tax revenue of the area cities, with an April check for $6,184 – 3.47 percent more than its April 2012 revenue of $5,976.
Reno is also up in its year-to-date totals, with $25,194 collected so far this year. That puts the town up 7.06 percent when compared to totals for the first four months of 2012.
For details of April sales tax allocations to individual cities, counties, transit systems and special purpose districts, locate the Monthly Sales Tax Allocation Comparison Summary Reports on the Comptroller’s Web site at www.window.state.tx.us/taxinfo/allocsum/compsum.html.
Category: Community Archived