“Sales tax revenues have now improved for the last ten months, reflecting increased activity in almost all major economic sectors,” Combs said. “The strongest growth was from sectors fueled by business spending, such as oil and gas activity. Tax collections from retail trade were also up.”
Combs will send $654.8 million in local sales tax to Texas cities, counties, transit systems and special purpose taxing districts, up 5.9 percent compared to sales tax distributions to local governments in February 2010.
Beeville will receive a rebate of $329,819.39 this month. That is up by 24.33 percent when compared to the $265,263.80 rebated for the same period in 2010.
Since January, the city has collected $556,561.87 from the comptroller’s office. That is 26.06 percent more than the $449,403.1 the city collected by this time last year.
Combs’ report showed that the county also saw an improvement in sales tax rebates. The $128,486.06 payment for this month reflects an improvement of 25.43 percent compared to the $102,429.56 sent at this time last year.
The county’s year-to-date rebates come to $227,718.71, reflecting an increase of 31.01 percent more than the $173,810.51 payment received last February.
January state sales tax collections and February’s local sales tax allocations represent sales made in December, and also include earlier sales by businesses that report sales tax to the comptroller on a quarterly or annual basis.
The comptroller will send $440.3 million in sales tax to Texas cities, up 5.4 percent compared to February 2010 payments. Texas counties will receive February sales tax payments of $39.7 million, up 13.1 percent compared to last February.