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Oil, gas activity boosts Bee sales tax revenue
Mar 11, 2011 | 766 views | 0 0 comments | 4 4 recommendations | email to a friend | print
Texas Comptroller Susan Combs said the state’s sales tax revenue in February was $1.75 billion, an increase of 9.7 percent compared to February 2010.

“This is the 11th straight month that sales tax revenue has increased,” Combs said. “Much like in recent months, there were increases across all major sectors including oil and gas activity, manufacturing and retail trade. We will continue to monitor current economic conditions and gauge the effects on consumer and business spending.”

That oil and gas activity is being credited with significant boosts in sales tax collections in Beeville and Bee County.

City Manager Tom Ginter has been reporting for some time now that sales tax rebates from Austin are showing a significant improvement over those of last year.

According to Combs’ report, Beeville’s rebate of $266,637.69 was 34.08 percent better than the $198,864.37 the city received for the last 30-day period.

Since January, Beeville has received $833,199.56 in rebates from Combs’ office. That is an increase of 28.52 percent compared to the rebates received by this time in 2010.

Bee County’s rebate for the current period was $105,350.91. That was an increase of 34.95 percent from the $78,064.18 the county received for the same period last year.

So far this year, the county has rebates totaling $333,069.62 for an increase of 32.23 percent when compared to the $251,874.69 the county collected by February 2010.

Combs will send March sales tax payments of $289.4 million to Texas cities, up 6.7 percent compared to March 2010. So far this year, sales tax allocations to cities are up 7.1 percent compared to the same point in 2010. Texas counties will receive March sales tax payments of $27.1 million, up 11.1 percent compared to one year ago. County sales tax allocations so far this year are up 13.7 percent compared to a year ago. State sales tax revenue for February and March payments made to local governments represent sales that occurred in January.
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