February Sales Tax Allocations For Central Texas Cities, Hays County Better Than Last Month
February sales tax revenue in Central Texas and Hays County had a better January than December.
Texas Comptroller Glenn Hegar announced yesterday, he will send cities, counties, transit systems and special purpose taxing districts $912 million in local sales tax allocations for February, 6.2 percent more than in January 2017.
Businesses have to report monthly, quarterly or yearly. February’s allocations are based on tax receipts for businesses reporting for December, 4th Quarter and Yearly.
This month’s sales tax allocations are from purchases made either monthly, quarterly or yearly. Americans do the most of their spending during the holiday season and in turn, would make February’s sales tax allocations higher than other months.
The majority of retailers around the country either break even or make the majority of their yearly profits during the holiday season in the last quarter of the year.
However, the state, counties and municipalities don’t receive those dollars for five to six weeks after the end of the month paid.
San Marcos had a higher monthly percent change for February than last month. However, the City of San Marcos ended 2017 with a -2.95 percent deficit over 2016 (year over year).
Additionally, the City of San Marcos is carrying an overall total debt of $389,029,050 as of August 31, 2016, and has higher property tax rates than the City of Austin. Source: State of Texas Comptroller – Read more HERE.
In 2017, the City of San Marcos received a total of $27,860,431.05 in sales tax revenue, and in 2016, they received $28,707,576.37. (The state’s comptroller’s office runs sales tax allocations on a January – December year.)
Find the city by city of Hays County monthly breakdown below.
• Local & County February 2018 Monthly Totals •
FEB. 2018 TOTAL – HAYS CO. LOCAL GOVERNMENTS (CITIES): $6,706,223.84
FEB. 2018 TOTAL – HAYS COUNTY: $2,495,211.60
FEB. 2018 COMBINED TOTAL: $9,201,435.44
• Central Texas Cities & County 2018 Year To Date Totals •
The 2018 YEAR TO DATE TOTAL – HAYS CO. LOCAL GOVERNMENTS (CITIES): $11,490,620.05
The 2018 YEAR TO DATE TOTAL – HAYS COUNTY: $4,335,592.28
The 2018 YEAR TO DATE COUNTYWIDE COMBINED TOTAL: $15,826,212.33
• Monthly Breakdown •
| CITY | RATE | NET PAYMENT THIS PERIOD | COMPARABLE PAYMENT PRIOR YEAR | % CHANGE | PAYMENT YTD | PRIOR YEAR PAYMENT YTD | % CHANGE |
|---|---|---|---|---|---|---|---|
| BUDA | 1.500% | $649,093.68 | $564,710.62 | +14.94% | $1,185,692.45 | $1,045,308.17 | +13.42% |
| DRIPPING SPRINGS | 1.250% | $230,044.53 | $189,512.53 | +21.38% | $406,807.46 | $350,602.41 | +16.03% |
| HAYS | 1.000% | $2,756.89 | $1,749.58 | +57.57% | $3,978.22 | $2,765.33 | +43.86% |
| KYLE | 1.500% | $783,687.45 | $746,924.33 | +4.92% | $1,402,103.85 | $1,283,215.45 | +9.26% |
| MOUNTAIN CITY | 1.000% | $2,143.12 | $1,714.70 | +24.98% | $3,906.99 | $2,641.37 | +47.91% |
| NIEDERWALD | 1.000% | $3,522.12 | $3,253.72 | +8.24% | $6,616.67 | $6,084.40 | +8.74% |
| SAN MARCOS | 1.500% | $4,906,560.24 | $3,085,177.76 | +59.03% | $8,266,108.09 | $5,423,281.61 | +52.41% |
| UHLAND | 1.500% | $20,552.81 | $18,855.26 | +9.00% | $34,984.89 | $32,694.72 | +7.00% |
| WIMBERLEY | 1.00% | $101,619.53 | $100,713.63 | +0.89% | $170,179.68 | $168,963.20 | +0.71% |
| WOODCREEK | 1.00% | $6,243.47 | $4,446.62 | +40.40% | $10,241.75 | $8,038.00 | +27.41% |
| HAYS COUNTY | 0.500% | $2,495,211.60 | $1,814,513.40 | +37.51% | $4,335,592.28 | $3,217,252.30 | +34.76% |
| RECIPIENT | JAN 2018 ALLOCATIONS | CHANGE FROM JAN 2017 | YEAR TO DATE CHANGE |
|---|---|---|---|
| CITIES | $592.9M | +5.1% | +6.5% |
| COUNTIES | $53.7M | +12.4% | +13.5% |
| TRANSIT SYSTEMS | $203.5M | +5.0% | +6.5% |
| SPECIAL PURPOSE TAXING DISTRICTS | $61.9M | +16.4% | +17.9% |
| TOTAL | $911.9M | +6.2% | +7.6% |
• Review Sales Tax Reimbursement Reports – Last 12 Months •
- January 2018 Hays County and Local Municipalities
- November 2017 Hays County & Local Governments Sales Tax Report
- October 2017 Hays County & Local Governments Sales Tax Report
- September 2017 Hays County & Local Governments Sales Tax Report
- August 2017 Hays County & Local Governments Sales Tax Report
- July 2017 Hays County & Local Governments Sales Tax Report
- June 2017 Hays County & Local Governments Sales Tax Report
- May 2017 Hays County & Local Governments Sales Tax Report
- April 2017 Hays County & Local Governments Sales Tax Report
- March 2017 Hays County & Local Governments Sales Tax Report
- February 2017 Hays County & Local Governments Sales Tax Report
• Definitions •
- Net Payment This Period— The actual payment amount sent to the entity.
- Comparable Payment Prior Year— The actual payment amount sent to the entity in the same month or quarter last year.
- Percentage Change— The percentage change in the actual payment amount sent this month compared with the payment amount sent in the same month last year.
- Payment YTD— The total amount of payments sent during the current calendar year to date.
- Prior Year Payments to Date— The total amount of payments sent during the same period for the previous calendar year to date.
- Prior-Year Payment YTD— The total amount of payments sent during the same period of the previous calendar year to date.
- Percentage Change — The percentage change in the total amount of payments sent during the current calendar year to date compared with the amount of payments sent during the same period for the previous calendar year to date.
