City sales tax allocation soars in May
GLEN ROSE — The city of Glen Rose received $171,528.37 in local sales tax allocation when Texas Comptroller released the May figures earlier this month, and that number is the fifth-highest since 1998, and the highest total not in the years 2008 or 2009 when the city received its four largest allocations.
Hegar sent cities, counties, transit systems special purpose taxing districts $1.06 billion, which was a 28.4% increase over May 2020 and 21% more than in 2019. The May figures are bases on sales made in March by businesses reporting monthly, and sales made in January, February and March by businesses that file quarterly.
Glen Rose’s May allocation is a 58.57% increase over May 2020 when it received $108,165.93.
The last time the city received more in sales tax allocation than it did this month came in February 2009 when it received $196,757.45, and that year, the city went on to receive $1,210,062.39.
For the year, with its fifth month of $100,000 or more in sales tax allocation, the city — with $660,716.49 — is well on pace to beat the 2009 total of $1,210,062.39. In the boom of 2008, the city received its highest yearly sales tax allocation of $1,513.320.30. To equal 2008, the city would have to bring in an average of $121,800.54 in each of the remaining seven reporting months in 2021.
In comparison, Hico’s May allocation is up 30.99% over the year prior, and it is up 6.30% for the year. It was -8.08% for the year last month. Granbury’s allocation for May is up 40.53%, while Stephenville is up 35.94%, and Cleburne is up 31.71%.