Staff Report
—
Texas Comptroller Susan Combs said this week that state sales tax revenue in January was $2.12 billion, up 6.1 percent compared to January 2012.
“Growth in sales tax receipts was led by the construction, retail trade and restaurant sectors,” Combs said in a media release. “Receipts from oil and natural gas-related activity also continue to be strong. State sales tax revenue has now increased for 34 consecutive months.”
The release added that Combs will send cities, counties, transit systems and special purpose taxing districts their February local sales tax allocations totaling $741 million, up 4.6 percent compared to February 2012.
Cooke County’s total allocation payment is $842,305, a 25 percent decrease compared to the payment of February 2012.
The local breakdown follows: Gainesville will receive $777,163, a 26 percent decrease compared to February 2012; Lindsay will receive $11,082, an 11 percent decrease; Muenster will receive $36,515, a 10 percent decrease; Oak Ridge will receive $6,618, a 1 percent increase; and Valley View will receive $10,926, a 20 percent decrease.
The sales tax figures represent December sales reported by monthly tax filers as well as sales by businesses that report tax on a quarterly or annual basis.
