February sales tax figures rise, fall for local entities

Posted

Texas Comptroller Glenn Hegar announced recently that he will send cities, counties, transit systems and special purpose taxing districts a total of $911.9 million in local sales tax allocations for the month of February.

The report released by the Texas Comptroller’s office stated the figures released for February represent a 6.2 percent increase statewide from the amount released in February 2017.

February’s sales tax figures from the Comptroller’s office showed upticks in amounts for both the City of Bullard and Smith County, while Cherokee County’s amount took a slight dip.

The City of Bullard received a total of $45,441.24 in February sales tax allocations, representing a 12.71 percent increase from the amount the city was given back during the second month of last year.

To date, the Texas Comptroller’s office has paid a total of $79,646.10 to the City of Bullard in 2018, which is a drop of 22.04 percent from the amount of $102,164.08 taken in by the city in the same timeframe in 2017.

Likewise, the report indicated that Smith County received a total of $1,832,567.89 in funds from the Texas Comptroller’s sales tax allocations for the month of February, a rise of 2.59 percent from the $1,786,146.26 received by the county in February 2017’s report.

In the 2018 calendar year, Smith County has been paid $3,317,652.02 in sales tax allocations, rising 4.56 percent from the payment of $3,172,853.14 received in the first two months of 2017.

Cherokee County took in a payment of February 2018 sales tax allocations in the amount of $159,355.60, falling 4.53 percent from the county’s received payment of $166,925.05 taken in last February.

As of publication deadline, the Texas Comptroller’s office has paid Cherokee County a total of $298,707.67 in monthly sales tax allocations, dropping 3.87 percent from the $310,753.54 paid out over the combined months of January and February 2017.

The February sales tax allocations released by the Texas Comptroller’s office are based on sales made in December by businesses that report tax monthly in the months of October, November and December sales by quarterly filers, as well as the 2017 sales by businesses reporting tax annually.

For more information about the Texas Comptroller’s sales tax allocations, visit www.comptroller.texas.gov/transparency/local/allocations/sales-tax.

Comments

Special Sections