Area sales tax rebates a mixed bag
Submitted by crecord2010 on Tue, 06/17/2014 - 1:00pm
Texas Comptroller Susan Combs said that state sales tax revenue in May was $2.45 billion, up 8.5 percent compared to May 2013.
“Sales tax growth was evident across all major economic sectors,” Combs said. “The growth was led by the retail and wholesale trade sectors, the oil and natural gas mining sector, and the services sector. This marks the 50th consecutive month of increased state sales tax revenues, and brings the fiscal year-to-date growth to 5.4 percent.”
Combs sent cities, counties, transit systems and special purpose taxing districts their June local sales tax allocations totaling $621.5 million, up 11.6 percent compared to June 2013.
In Cuero the sales tax rebate was up 31.25% over the same period a year ago. To date Cuero has received $1,753,726 compared to $1,336,161 last year.
Yorktown’s rebate is down -9.02% from a year ago. For the first five months the city has received $205,816 compared to $226,222 the previous year.
Nordheim has seen its rebate grow by 31.36% over 2013. Nordheim has received $22,295 compared to $16,972 a year earlier.
Area cities showed the following growth or decline in rebates: Goliad, --5.14%; Gonzales, 6.72%; Kenedy, 7.78%; Yoakum, 7.93%; and Victoria, -0.10%.
The sales tax figures represent May sales reported by monthly tax filers.
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