Hays County, Local Cities Receive Over $7.8M Sales Tax Revenue – $1.9M More Than December

NOTE: The City of San Marcos has released their Final & Approved FY 2019 for public viewing. That is three months AFTER the budget took effect. The data & graphics have been updated below.

Texas Comptroller Glenn Hegar announced yesterday, his office will send cities, counties, transit systems and special purpose taxing districts $734.7 million in local sales tax allocations for January, 3.6 percent more than in January 2018.

These allocations are based on sales made in November by businesses that report tax monthly.

Sales tax revenue supports a city or county’s programs and services. A portion of sales tax dollars are generated by nonresidnets and tourists. Therefore, it represents a significant savings to local property taxpayers.

Sales taxes are a primary source of funds for many vital services ranging from police and fire protection, to parks, recreation, library, environmental services, planning and more.

The reliance on sales tax revenue requires vigilant monitoring of revenue sources to assure they will keep pace with the demands and rising costs while operating a large complex budgets.

Sales tax revenues represent 44.4% of San Marcos’ general fund budget and is the largest single revenue source supporting general government services in San Marcos and most yearly budgets in most cities.

You can review more on the San Marcos budget, spending and where your money goes below.

• Local & County 2018 & 2019 Monthly & Year To Date Totals •

January 2019 Sales Tax Revenue

Local Central Texas Cities: $5,686,654.86 Million

Hays County: $2,198,816.65 Million

Combined Total: $7,885,471.51 Million
*These allocations are based on sales made in November by businesses that report tax monthly.

December 2018 Sales Tax Revenue

Local Central Texas Cities: $4,226,725.93 Million

Hays County: $1,699,834.88 Million

Combined Total: $5,926,560.81 Million
*These allocations are based on sales made in October by businesses that report tax monthly.

Hays County & Central Texas Municipalities
Year To Date Sales Tax Revenue Totals

Local Central Texas Cities: $5,686,654.86 Million

Hays County: $2,198,816.65 Million

Countywide Combined Total: $7,885,471.51 Million
*Year To Date: January-December calendar year

• Monthly Breakdown •

• Interesting Stats & Facts •

San Marcos Property Tax Rate

• The FY 2019 budget will raise more total property taxes than last year’s budget by $2,977,405 or 10.6% and of that amount $560,210 is tax revenue raised from new property added to the tax roll in 2018. Which means $2,417,195 Million will be raised from all other property in San Marcos;

• The City of San Marcos’ total outstanding debt as of August 31, 2017 $248,735,000 Million (does not include September 1, 2017 – January 09, 2019) Read more HERE);

• City of San Marcos Property Tax Rate: Rate 61.39 cents per $100 of property valuation (This was as of San Marcos’ Oct. 1 2018 budget. Read more HERE)

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Where does your local sales tax dollars go in San Marcos?

Sales taxes represent 44.4% of the total General Fund revenues, they represent the greatest single source of revenue for the General Fund. Any excess collection above the fiscal year 2019 estimate goes directly into General Fund balance or the budget can be amended to allocate these amounts.

The City of San Marcos collects one and one-half cents on every dollar spent on taxable goods and services within the city limits.

The State of Texas allows home rule cities like San Marcos to adopt a one-cent sales tax to support general governmental services.

Local voters authorized another half-cent in 1987 dedicated solely to the reduction of property taxes. The one and one half cents collected by the City represents the maximum they may adopt.

The half-cent sales tax alone is expected to generate $11,906,000 in the next fiscal year, a sum that is equivalent to 23.52 cents on the property tax rate.

Without the half-cent sales tax dedicated to property tax reduction, the city’s ad valorem tax rate would have to be 23.52 cents more, or 84.91 cents per $100 of assessed value, to support the programs and services provided to San Marcos residents.

• San Marcos 10-Year Sales Tax Collection History •

GRAPH 1

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• Review Sales Tax Reimbursement Reports – Last 12 Months •

• DECEMBER 2018: Hays County, Local Cities Receive Over $5.9 Million Sales Tax Revenue For December – Down From November
• NOVEMBER 2018: Texas Distributes $817 Million In Monthly Sales Tax Revenue To Local Governments
• OCTOBER 2018: Hays County, Central Texas Cities Receive Over $6.3 Million For October Sales Tax Reimbursements
• SEPTEMBER 2018: Hays County & Central Texas Cities Receive $56.3M In Sales Tax Revenue In FY 18
• AUGUST 2018: Central Texas Cities, Hays County To Receive Over $6.3M In Monthly Sales Tax Revenue
• JULY 2018: Texas Distributes $5.7 Million In Monthly Sales Tax Revenue To Hays County, Local Governments
• JUNE 2018: June’s Sales Tax Revenue Breakdown For Hays County, Surrounding Central Texas Cities
• MAY 2018: May 2018 Sales Tax Revenue Breakdown For Hays County, Surrounding Central Texas Cities
• APRIL 2018: April’s Sales Tax Breakdown For Hays County, Surrounding Central Texas Cities
• MARCH 2018: Central Texas Cities, Hays County To Receive $5.1 M For March Sales Tax Revenue
• FEBRUARY 2018: February Sales Tax Allocations For Central Texas Cities, Hays County Better Than Last Month
• JANUARY 2018: January Sales Tax Revenue Surpasses Last Month For Hays County And Local Municipalities

• 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.

Sources: State of Texas Comptroller and City of San Marcos FY 19 Budget