Thursday, April 24th, 2014

Sales tax revenue rises in January

Cities in Donley County received welcome news of higher revenues this month when Texas Comptroller Susan Combs released information about January sales tax allotments.

The City of City of Clarendon received $24,395.73 for the month, which is up 18.34 percent from the same period one year ago.

Howardwick’s allotment grew 46.9 percent to $1,283.88; and Hedley’s revenue climbed 67.77 percent for an allotment of $582.24

Combs said across the state local tax revenues $453.2 million are up 11.9 percent compared to January 2010.

“This marks the ninth consecutive month of year-over-year improvement in sales tax revenues, with increases posted across the board,” Combs said.

“There were increases in the oil and natural gas and manufacturing sectors reflecting recovering business spending. Sales tax in the retail trade and restaurant sectors were also up. We forecast growth in sales tax revenue for the current fiscal year as well as the next two fiscal years.”

State sales tax revenue in December was $1.81 billion, up 9.4 percent compared to December 2009.

Texas cities received January sales tax allocations of $302.6 million, up 10.3 percent compared to January 2010. In addition, $18.9 million will go to 175 special purpose taxing districts around the state, up 16.8 percent compared to last January.
December state sales tax collections and January allocations to local governments represent sales that occurred in November.

The Comptroller’s next sales tax allocation will be made on Friday, February 11.
For details of January sales tax payments, 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.

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