Sales tax rebate payments are expected to rise for the city of Glen Rose as more and more consumers are choosing to spend their dollars locally.
April’s sales tax payments released by the state comptroller on May 9 showed a nearly 90 percent increase when compared to the same month a year ago.
Texas Comptroller Susan Combs announced the state collected $1.7 billion in sales tax revenue in April, down 1.8 percent compared to April 2007.
“This was a slight decrease compared to the dramatic growth seen in April 2007,” Combs said. “For the eight months of fiscal 2008 to date, state sales tax collections are up 6 percent compared to the previous year.”
As expected, the slower expansion of the Texas economy in 2008 is translating into sales tax growth below the double-digit pace of the past two years.
Combs said local governments will receive $554.4 million in May sales tax allocations, up 2.2 percent compared to May 2007. So far this calendar year, sales tax allocations to cities, counties, transit systems and special purpose taxing districts are up 5.4 percent compared to a year ago.
Comptroller Combs sent May sales tax allocations of $377.7 million to Texas cities, up 1.4 percent compared to May 2007. Calendar year-to-date, city sales tax allocations are up 4.9 percent compared to the same period last year. Texas counties received sales tax payments of $32.4 million, up 0.8 percent compared to one year ago. Calendar year-to-date, county sales tax allocations are 5.2 percent higher than last year.
In addition, $18.6 million went to 127 special purpose taxing districts throughout the state, up 13.9 percent compared to last May. Ten local transit systems received $125.5 million in sales tax allocations, up 3.4 percent compared to a year ago.
May’s sales tax allocations to local governments represent March sales that were reported to the Comptroller in April by monthly tax filers and January, February and March sales reported to the Comptroller in April by quarterly tax filers.
The city of Glen Rose will receive a net payment of $110,341.96, an increase of $51,970.43 or 89.03 percent compared to last year.
So far this year, Glen Rose has received a total of $486,372.13 in sales tax payments, an increase of $238,923.29 or 96.55 percent over the same period last year.
Walnut Springs will receive $4,297.60, an increase of $164.28 or 3.97 percent compared to last year. To-date in 2008, Walnut Springs has received $19,262.32, an increase of 10.7 percent compared to the same period in 2007.
Other area cities and their payments this month: Granbury - $556,234.28, up 0.95 percent from the same period last year; Cleburne - $946,165.66, a 17.11 percent increase from the same period in 2007; Hico - $15,989.51, a decrease of 4.39 percent from the same period last year; Stephenville - $442,234.98, a 4.1 percent decrease from the same period last year; Tolar - $4,155.01, a 23.3 percent decrease from the same period in 2007; Cresson - $27,469.50, a drop of 41.58 percent compared to the same period last year; and Godley - $45,524.15, an increase of 56.4 percent over the the same period in 2007.
For details of May sales tax payments to individual cities, counties, transit systems and special purpose districts, locate the Monthly Sales and Use Tax Allocation Comparison Summary Reports 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, June 13.