Gainesville Daily Register

June 12, 2013

Sales tax revenue up statewide

Gainesville — Staff report

Texas Comptroller Susan Combs reported Wednesday that state sales tax revenue in May was $2.26 billion, up 7.9 percent compared to May 2012.

Locally, the resulting allocation includes $537,258 for Cooke County for the month of June, a 42 percent decrease compared to June 2012.

“Growth in state sales tax revenue was led by collections from the information services and construction sectors,” Combs said. “Restaurants also showed notable growth, while oil and natural gas-related activity remains a major source of strength.”

Combs will send cities, counties, transit systems and special purpose taxing districts their June local sales tax allocations totaling $556.8 million, up 8.3 percent compared to June 2012.

The local allocation breakdown is as follows: Gainesville received $477,216, a 42 percent decrease compared to June 2012; Lindsay received $7,694, a 13.8 percent increase; Muenster received $31,372, a 21 percent decrease; Oak Ridge received $9,004, a 28 percent increase; and Valley View received $11,970, a 2.5 percent decrease.