Cuero sales tax rebate drops to 1.22% growth from previous year
Submitted by crecord2010 on Wed, 07/03/2013 - 12:22pm
Comptroller Susan Combs Distributes $557 million in monthly sales tax revenue to local governments.
Texas Comptroller Susan Combs said that state sales tax revenue in May was $2.26 billion, up 7.9 percent compared to May 2012.
In Cuero the sales tax rebate was up 1.22% over the same period a year ago. To date Cuero has received $1,336,161 compared to $1,319,939 last year.
Yorktown’s rebate is up 21.12% higher than a year ago. For the first five months the city has received $226,222 compared to $186,768 the previous year.
Nordheim has seen its rebate grow by 76.02% over 2012. Nordheim has received $16,972 compared to $9,642 a year earlier.
Area cities showed the following growth or decline in rebates: Goliad, -2.52%; Gonzales, 4.07%; Kenedy, 23.59%; Yoakum, -1.99%; and Victoria, -0.52%.
“Growth in state sales tax revenue was led by collections from the information services and construction sectors,” Combs said. “Restaurants also showed notable growth, while oil and natural gas-related activity remains a major source of strength.”
Combs will send cities, counties, transit systems and special purpose taxing districts their June local sales tax allocations totaling $556.8 million, up 8.3 percent compared to June 2012.
The sales tax figures represent May sales reported by monthly tax filers.
Rate this article: