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May 28, 2007

Comptroller sends local governments $542 million in sales tax revenue

from staff reports

Texas Comptroller Susan Combs announced this month the state collected $1.7 billion in sales tax revenue in April, up 10.3 percent compared to April 2006.

“Sales tax revenue continues to show steady growth,” Combs said. “This is true at both the state and local levels, and it indicates that our Texas economy is in good health.”

Combs said local governments will receive $542.5 million in May sales tax allocations, up 8.1 percent compared to May 2006. So far this calendar year, sales tax allocations to cities, counties, transit systems and special purpose taxing districts are up 6.8 percent compared to a year ago.

Comptroller Combs sent May sales tax allocations of $372.6 million to Texas cities, up 8.2 percent compared to May 2006. Calendar year-to-date, city sales tax allocations are up 7.4 percent compared to the same period last year. Texas counties received sales tax payments of $32.1 million, up 10.9 percent compared to one year ago. Calendar year-to-date, county sales tax allocations are 8.9 percent higher than last year.

The city of Athens received 13.48 percent more this month than this time last year. This month’s payment was $475,560.85 — up from the $419,068.08 received in May 2006. Year-to-date the city has received 3.42 percent more over last year.

Around Henderson County, Caney City, Eustace, Gun Barrel City, Malakoff, Tool and Trinidad all received higher payment this month over the same month last year.

The cities of Log Cabin, Poynor, Payne Springs and Seven Points are all down in monthly allocations.

Log Cabin saw the biggest decrease in payments. This month’s payment was $583.99 — down 62.68 percent from last May’s payment of $1,565.21.

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.

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On the Net: www.window.state.tx.us/taxinfo/allocsum/compsum.html

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