Sales tax rebates up about 24 percent
Jun 19, 2011 | 860 views | 0 0 comments | 3 3 recommendations | email to a friend | print
Texas Comptroller Susan Combs said Wednesday that state sales tax revenue in May was $1.95 billion, up 9.9 percent compared to May 2010.

“Spending in sectors such as the oil and gas industry and manufacturing helped increase state sales tax revenue,” Combs said. “Retail spending also grew. Texas has now had 14 straight months of sales tax revenue increases.”

On Friday, Combs will send cities, counties, transit systems and special purpose taxing districts $468.7 million in local sales tax allocations, up 7.2 percent compared to last June.

Beeville’s rebate will be up 12.14 percent, from the $216,130.00 the city received last year to $242,384.22.

Since January, the city has seen a 23.88 percent increase in sales tax rebates, going from $1,319.972.38 at this time last year to $1,635,201.36 so far this year.

Bee County also has seen its sales tax rebates increase.

This month’s rebate of $106,966.01 is up by 5.49 percent when compared to the $101,399.09 the county received for the same month last year.

Rebates for the county have jumped 25.57 percent this year, going from $535,355.35 by this time last year to $672,257.33 so far this year.

Combs will deliver June sales tax allocations of $311.8 million to Texas cities, up 6.6 percent compared to June 2010. So far this calendar year, city sales tax allocations are up 6.3 percent compared to the same time period last year. Texas counties will receive sales tax payments of $30.3 million, up 13.6 percent compared to last June. So far this year, sales tax allocations to counties are up 12.8 percent compared to 2010.

June’s sales tax allocations represent sales that occurred in April.
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