“Monthly sales tax revenue has now increased for 17 consecutive months,” Combs said. “For the state’s recently concluded 2011 fiscal year, sales tax revenue increased 9.4 percent from the previous fiscal year. Sales tax revenue grew in major sectors especially the oil and gas industry and manufacturing as a result of increased business spending during the year. There was also growth in the retail and restaurant sectors. We will continue to monitor factors such as the job market, consumer spending and housing.”
Combs will send September sales tax allocations totaling $483.9 million to cities, counties, transit systems and special purpose taxing districts, up 10 percent compared to September 2010.
Locally, sales tax rebates for the city and county have been outpacing those of the state as a whole.
According to the comptroller’s web site, the city’s rebate check for this month is $259,827.18. That is up by 20.04 percent from the rebate of $216,437.92 Beeville received in September 2010.
Since January the city has collected $2,459,020.56 from Combs’ office, reflecting an increase of 22.10 percent compared to the $2,013,847.63 received by this time last year.
Bee County saw an increase of 18.45 percent in this month’s rebate of $100,782.91, when compared to the September payment of $85,078.32 last year.
So far in 2011, the county has collected $1,029,812.27 from the comptroller’s office. That is 27.80 percent more than the $805,766.88 the county took in by this time last year.