directory
July sales tax rebate cited as 190 percent higher for county
by Gary Kent
Jul 20, 2012 | 764 views | 0 0 comments | 5 5 recommendations | email to a friend | print
AUSTIN — Bee County’s sales tax rebate from Austin for this month will be an incredible 190.60 percent more than what the county received in July 2011.

According to the figures posted on the Texas State Comptroller’s Office web site, Bee County’s rebate of $355,827.01 was 200 percent higher when compared to last July’s $122,445.08 payment.

“Oh my goodness,” County Judge David Silva said when he heard the news this week.

“That’s amazing. I had a feeling that the summer rebates would be higher,” Silva said.

The judge said he had been expecting to see a significant impact on sales tax rebates because of the increased oil field activity brought here by the Eagle Ford Shale development.

Since the first of the year, the county has seen its sales tax rebates increase by 69.69 percent, from $794,702.41 last year to $1,348,574.41 since January 2012.

This month’s rebate to the city was $338,627.11, an increase of 30.61 percent when compared to the $259,249.39 the city received for the same period in 2011.

That was up by 27.72 percent compared to the $1,894,450.75 the city received by this time last year.

Silva said this is the first month ever that the county has seen a higher sales tax rebate than the city. “We only get rebates from sales taxes paid out in the county.

“Obviously the activity out there is amazing,” Silva said. “A lot of people think the county has a lot of money but the only activity we see (from the Eagle Ford) is in the sales taxes.”

Silva said the county should see an impact on other taxes as a result of the Eagle Ford Shale oil field boom. But that will not affect the county’s budget until after the first of next year.

“It’s the impact that we need,” Silva said. “I’m hoping next year will be better.”

City and county sales taxes are collected by businesses and sent to Austin.

State Comptroller Susan Combs’ office then sends the portion due to the city and county back to the proper political subdivisions.

Statewide sales tax revenue in June was $1.98 billion, up 15.2 percent compared to June 2011.

“Sales tax revenue has increased for 27 consecutive months in Texas,” Combs said. “Strong business spending in industries such as manufacturing and oil and natural gas boosted the latest sales tax collections. Revenue from consumer spending in the retail trade and restaurant sectors also did well.”

Combs will send July local sales tax allocations totaling $534.6 million to cities, counties, transit systems and special purpose taxing districts. July sales tax allocations are up 12.7 percent compared to July 2011.

Gary Kent is a reporter at the Bee-Picayune and can be reached at 358-2550, ext. 120, or at reporter@mySouTex.com.
Comments
(0)
Comments-icon Post a Comment
No Comments Yet