Texas Comptroller Susan Combs released the sales tax revenue allocation report for May that indicates an increase for Gainesville, Muenster and Valley View.

The sales tax net payment for the City of Gainesville increased 68 percent compared to last year.

Statewide, cities will receive $471.7 million in local sales tax allocations for the month of May, more than 6.8 percent higher than May 2013.

Counties will receive $4.8 million, which is 5.6 percent higher than last year.

The report also states that April marks 49 consecutive months of growth in sales tax collection for the state. Altogether, sales tax allocations will total more than $716 million dollars for the state of Texas, 7.1 percent higher than May 2013.

The report claims revenue was spurred by increases in the telecommunications and services sectors, as well as increased business spending in the wholesale trade sector.

The  May 2014 sales tax allocation comparison summary report for Gainesville, Lindsay, Muenster, Oakridge and Valley View follows.

Gainesville – net payment this period $805,695.63 compared to last year $477,216.67, a 68.83 percent increase; payments to date total $4,173,786.18.

Lindsay – net payment this period, $7,437.92 compared to last year, $7,694.50, a 3.33 percent decrease; payments to date total $52,720.29.

Muenster – net payment this period, $33,582.01 compared to last year, $31,372.39, a 7.04 percent increase; payments to date total $199,658.54.

Oak Ridge – net payment this period, $6,769.67 compared to last year, $9,004.61, a 24.81 percent decrease; payments to date total $38,984.11.

Valley View – net payment this period, $12,081.59 compared to last year, $11,970.18, a .93 percent increase; payments to date total $72,363.06.

 The sales tax figures represent monthly sales made in April as well as January, February and March by businesses that report  quarterly sales tax.

For information visit www.window.state.tx.us/taxinfo/allocsum/compsum.html.

 

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