Hays County, local municipalities receive over $6.5 million in combined April sales tax revenue, down from last month

Corridor Staff

Hays County, local municipalities received over $6.5 million in combined monthly sales tax revenue for December. That’s down from March by $823,000.

According to the comptroller’s website, Hays County and the local government municipalities received $32,018,533.21 million combined total year to date (January-December) in sales tax revenue payments.

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 large complex budgets.

In the City of San Marcos, sales tax revenues represent 38.27% of the general fund budget and are the largest single revenue source supporting general government services and this is the same for nearly all cities across the state.

You can review more on the San Marcos budget, spending, and where your tax money goes below.
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MONTHLY COUNTY & MUNICIPAL RUNDOWN

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APRIL 2022 SALES TAX REVENUE
Local Central Texas Cities: $4,583,551.75
Hays County: $1,934,703.86
Combined Total: $6,518,255.61
These allocations are based on sales made in February by businesses that report tax monthly.

MARCH 2022 SALES TAX REVENUE
Local Central Texas Cities: $5,116,508.60
Hays County: $2,224,276.31
Combined Total: $7,340,784.91
*These allocations are based on sales made in January by businesses that report tax monthly.

COMBINED YEAR TO DATE SALES TAX REVENUE
Local Central Texas Cities: $22,313,596.57
Hays County: $9,704,936.64
Countywide Combined Total: $32,018,533.21
*Year To Date: January-December calendar year

MONTHLY COUNTY & MUNICIPAL BREAKDOWN

Can’t see the whole table? Touch it and scroll right!

CITY RATE NET PAYMENT THIS PERIOD COMPARABLE PAYMENT PRIOR YEAR %
CHANGE
PAYMENT YTD PRIOR YEAR PAYMENT YTD %
CHANGE
BUDA 1.50% $767,645.82 $637,219.44 20.46% $3,697,995.07 $3,040,740.56 21.61%
DRIPPING SPRINGS 1.25% $279,072.43 $232,221.38 20.17% $1,341,627.92 $1,152,395.95 16.42%
HAYS 1.00% $2,757.20 $1,836.10 50.16% $10,248.56 $7,019.83 45.99%
KYLE 1.50% $995,369.43 $732,787.22 35.83% $4,621,615.47 $3,608,327.18 28.08%
MOUNTAIN CITY 1.00% $1,705.07 $1,383.65 23.22% $8,431.21 $7,339.73 14.87%
NIEDERWALD 1.00% $5,692.14 $4,728.76 20.37% $26,399.69 $20,729.45 27.35%
SAN MARCOS 1.50% $2,383,792.12 $1,833,623.53 30.00% $11,893,103.52 $15,860,252.58 25.01%
UHLAND 1.50% $47,351.92 $37,833.71 25.15% $235,754.61 $174,363.11 35.20%
WIMBERLEY 1.00% $93,875.13 $69,541.18 34.99% $447,677.29 $363,889.11 23.02%
WOODCREEK 1.00% $6,290.49 $5,320.85 18.22% $30,743.23 $28,864.45 6.50%
HAYS COUNTY 0.50% $1,934,703.86 $1,559,482.03 24.06% $9,704,936.64 $10,164,235.23 4.51%

 

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THE CITY OF SAN MARCOS 10-YEAR ANNUAL
SALES TAX COLLECTION & HOW IT’S USED

Sales taxes represent 38.27% of total General Fund revenue projected for fiscal year 2022.

Sales tax receipts are the largest single revenue source supporting general governmental services in San Marcos. Consistent retail sales have kept this revenue stream steady for the past several years.

When comparing historical sales tax collections by segment, the percentage represented by retail collections has decreased while other segments have increased, indicating a small diversification in the sales taxes produced in the City.

It is important to note that sales tax revenues are a volatile funding source and are subject to shifts in local, state, and national economies. Our reliance on this revenue source is approached with caution.

Any excess collection above the fiscal year 2022 estimate will go directly into the General Fund balance or the budget can be amended to allocate these amounts.

SALES TAX COLLECTIONS – 10 YEAR
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Source: City of San Marcos FY 2022 Budget

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.

According to the city, 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.
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GENERAL FUND REVENUE SUMMARY

 

Source: City of San Marcos FY 2022 Budget

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STATE LOCAL SALES TAX ALLOCATIONS APRIL 2022
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RECIPIENT APRIL 2022
ALLOCATIONS
CHANGE FROM
APRIL 2021
YEAR TO
DATE CHANGE
CITIES $551.5M 26.5% 20.8%
TRANSIT SYSTEMS $186.4M 27.9% 22.0%
COUNTIES $52.3M 30.6% 22.9%
SPECIAL PURPOSE TAXING DISTRICTS $76.4M 37.5% 32.0%
TOTAL $866.5M 27.9% 22.1%
LAST 12 MONTHS OF SALES TAX REPORTS

 

LAST 12 MONTHS OF SALES TAX REPORTS

MARCH 2022
FEBRUARY 2022
JANUARY 2022
DECEMBER 2021
NOVEMBER 2021
OCTOBER 2021
SEPTEMBER 2021
AUGUST 2021
JULY 2021
JUNE 2021
MAY 2021
APRIL 2021

DEFINITIONS

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 20 & 21 Budget.

 

 

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