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County, city see continued increases in sales tax rebates
by Gary Kent
Dec 29, 2012 | 1234 views | 0 0 comments | 5 5 recommendations | email to a friend | print
AUSTIN — Oil field activity in the Eagle Ford Shale formation continues to drive up sales tax revenues for the city and county.

Again, Bee County saw the most significant increases in that revenue when December rebates were sent from State Comptroller Susan Combs’ office.

The county’s $191,334.46 rebate payment reflected an increase of 61.06 percent from the $118,794.74 the county received for the same month in 2011.

So far this year, the county has seen its rebates climb to $2,484,841.69. That is an increase of 73.47 percent compared to the $1,432,354.44 the county had received by this time last year.

The December rebate for the city was $329,119.96, according to a report from Combs’ office.

That was an increase of 12.52 percent when compared to the $292,489.19 the city received in December 2011.

Since the first of the year, the city has seen its sales tax rebates climb by 24.14 percent, from the $3,399,926.55 received by this time last year to the $4,220,671.94 taken in this year.

Statewide, total sales tax rebates increased by 9.7 percent, according to Combs’ office.

Her report shows that Austin sent rebates totaling $552.3 million to cities, counties, transit systems and special taxing districts across Texas.

Cities collected the majority of those rebates, totaling $360.8 million. Transit systems took in $125.3 million, counties received $37.2 million and special taxing districts got $29 million.

Total sales tax revenue was $2.34 billion in November, reflecting an increase of 13.1 percent.

The state receives all sales tax payments, rebates the percentages levied by individual taxing entities and keeps the majority of the sales tax revenue.

“Gains across major sectors boosted state sales tax revenue,” Combs said. “Collections were strong in sectors such as retail trade, manufacturing, oil and natural gas, construction and telecommunications.”

Gary Kent is a reporter at the Bee-Picayune and can be reached at 358-2550, ext. 120, or at reporter@mySouTex.com.
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