Gainesville — Staff report
Texas Comptroller Susan Combs announced this week that state sales tax revenue in October was $2.14 billion, up 5.4 percent compared to October 2012.
The related monthly allocation payment includes $631,491 set to be made to Cooke County cities — an 18 percent decrease compared to November 2012.
“Growth in sales tax revenues was led by collections from the telecommunications sector,” Combs said in a release. “The construction sector also showed significant gains. State sales tax revenue has increased for 43 consecutive months.”
The local allocation breakdown follows: Gainesville received $569,156, a 19 percent decrease compared to November 2012; Lindsay received $10,493, a 10.5 percent increase; Muenster received $36,091, a 3.4 percent increase; Oak Ridge received $6,313, a 9.6 percent decrease; and Valley View received $9,437, a 31 percent decrease.
Statewide, Combs will send cities, counties, transit systems and special purpose taxing districts their November local sales tax allocations totaling $654.6 million, up 7 percent compared to November 2012.