Sales tax rebates received in March saw a significant increase in Glen Rose when compared to the same month a year ago, according to the state comptroller’s monthly report.
Locally, the year-to-date total in sales tax rebates has experienced a huge gain - nearly 100 percent - over the previous year, a sign shoppers are choosing to spend their dollars with in expanding local economy as gas prices continue to rise.
Texas Comptroller Susan Combs delivered $419 million in monthly sales tax payments in April to Texas cities, counties and special purpose taxing districts, a 3.7 percent increase compared to the same month in 2007.
So far this calendar year, sales tax allocations to local governments are up 6.4 percent.
The comptroller announced on April 11 that the state received $1.6 billion in sales tax revenue in March, up 7.4 percent compared to the same month a year ago.
“Since the beginning of the fiscal year in September 2007, state sales tax collections have increased 7.2 percent compared to the same period in the previous fiscal year,” Combs said. “Although the national economy is slowing, here in Texas, growth in sales tax collections remains consistent.”
Combs sent April sales tax allocations of $281 million to Texas cities, up 3.2 percent compared to April 2007. Calendar year-to-date, city sales tax allocations are running 6 percent higher than last year. Texas counties received sales tax payments of $25.9 million, up 4.4 percent compared to one year ago. Calendar year-to-date, county sales tax allocations are 6.5 percent higher than last year.
In addition, $14.2 million went to 126 special purpose taxing districts around the state, up 13.1 percent compared to last April. Ten local transit systems received $97.8 million in sales tax rebates, up 3.9 percent compared to a year ago.
March state sales tax revenue and April payments made to local governments on April 11 represent sales that occurred in February.
The city of Glen Rose will receive $76,319.92, which is $27,575.01 or 56.57 percent more than last year. So far this year, Glen Rose has received a total of $376,030.17 in sales tax payments, a 98.87 percent increase over the same period last year.
Nearby Granbury will receive $419,424.73, an increase of $39,583.17 or 10.42 percent compared to last year. To-date in 2008, the city of Granbury has received $1,936,547.52, an increase of 8.78 percent compared to the same period in 2007.
Other area cities and their payments this month: Walnut Springs - $3,080.87, down 1.87 percent from the same period last year; Cleburne - $766,316.12, a 26.8 percent increase from the same period in 2007; Hico - $12,787.30, a 3.87 percent increase from the same period last year; Tolar - $5,257.12, a decrease of 23.93 percent from the same period last year; and Stephenville - $306,070.04, a 4.52 percent increase from the same period last year.
For details of April sales tax payments to individual cities, counties, transit systems and special purpose districts, visit the Monthly Sales and Use Tax Allocation Comparison Summary Reports page on the Comptroller’s Web site at www.window.state.tx.us/taxinfo/allocsum/compsum.html.
The Comptroller’s next sales tax allocation will be made on Friday, May 9.