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Texas Comptroller Susan Combs reported in a news release Wednesday that state sales tax revenue in December was $2.17 billion.
The report represents a 9.4 percent increase compared to tax revenue totals from December 2011.
The resulting allocations will include $482,193 paid to cities in Cooke County — an expected decline from January 2012, during which the payment was $841,654.
January 2012 was, according to Combs, a year of phenomenal revenue tied to local energy markets.
“Strong sales tax collections continue in most major economic sectors in Texas,” Combs said Wednesday about the recent sales tax boom. “The strongest growth was from business spending-driven sectors including oil and natural gas, manufacturing and construction.”
Combs will send cities, counties, transit systems and special purpose taxing districts their January local sales tax allocations totaling $530.8 million, up 7.3 percent compared to January 2012.
The local allocation breakdown during January is as follows: Gainesville will receive $424,216, a 46 percent decrease against January 2012.
The city of Lindsay will receive $7,427, a 9.5 increase against January 2012.
Muenster will receive $27,765, a 9.5 decrease against January 2012; Oak Ridge will receive $6,311, a 6.9 percent increase against January 2012; and Valley View will receive $16,473, a 62.6 percent increase against January 2012.
The sales tax figures represent November sales reported by monthly tax filers.
More information from the state comptroller’s office can be obtained by visiting the website www.window.state.tx.us/.
Homepage
January 10, 2013
Sales tax revenue increases in several Cooke County cities
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