January Sales Tax Revenue Surpasses Last Month For Hays County And Local Municipalities

January sales tax revenue in the local municipal governments and Hays County had a better January than they had December.

January sales tax revenue in the local municipal governments and Hays County had a better January than they had in December 2017. 

Texas Comptroller Glenn Hegar announced yesterday he will send cities, counties, transit systems and special purpose taxing districts $709.2 million in local sales tax allocations for January, 9.5 percent more than in January 2017.

These allocations are based on sales made in November 2017 by businesses that report tax monthly.

Next month’s sales tax revenue allocations will be for December 2017, and due to the holiday season are typically higher in sales tax allocations for government entities.

The last quarter of the year for most retail around the country is where they break even and make their yearly profits.

The only Hays County municipality that had lower revenue than last month’s total, was Uhland. However, they were still up over what they received January of 2017.

San Marcos had a higher monthly percent change in January than any month on record going back to 2013. However, the City of San Marcos ended 2017 with a -2.95 percent deficit over 2016 (YOY).

Additionally, the City of San Marcos is carrying an overall total debt of $389,029,050. (Debt total was as of August 31, 2016. Source: Texas State Comptroller – Read more HERE.)

In 2017, the City of San Marcos received $27,860,431.05 in sales tax revenue, and in 2016, they received $28,707,576.37. 

Read the city by city monthly breakdown below.

 

• County & Local January 2018 Monthly Totals •

JAN. 2018 TOTAL – HAYS CO. LOCAL GOVERNMENTS (CITIES):               $4,784,396.21

JAN. 2018 TOTAL – HAYS COUNTY:                                                               $1,840,380.68

JAN. 2018 COMBINED TOTAL:                                                                       $6,624,776.89

• County & Local December 2017 Monthly Totals •

DEC. 2017 TOTAL – HAYS CO. LOCAL GOVERNMENTS (CITIES):             $3,703,976.27

DEC. 2017 TOTAL – HAYS COUNTY:                                                             $1,516,888.21

DEC. 2017 COMBINED TOTAL:                                                                     $5,220,864.48

• Monthly Breakdown •

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MONTHLY SALES TAX REIMBURSEMENTS

 CITY RATE NET PAYMENT THIS PERIOD COMPARABLE PAYMENT PRIOR YEAR % CHANGE PAYMENT YTD PRIOR YEAR PAYMENT YTD % CHANGE
BUDA 1.500%  $536,598.77 $480,597.55 +11.65% $536,598.77 $480,597.55 +11.65%
DRIPPING SPRINGS 1.250%  $176,762.93 $161,089.88 +9.72% $176,762.93 $161,089.88 +9.72%
HAYS  1.000% $1,221.33  $1,015.75 +20.23% $1,221.33 $1,015.75 +20.23%
KYLE 1.500% $618,416.40 $536,291.12 +15.31% $618,416.40 $536,291.12 +15.31%
MOUNTAIN CITY 1.000% $1,763.87 $926.67 +90.34% $1,763.87 $926.67 +90.34%
NEIDERWALD 1.000% $3,094.55 $2,830.68 +9.32% $3,094.55 $2,830.68 +9.32%
SAN MARCOS 1.500% $3,359,547.85 $2,338,103.85 +43.68% $3,359,547.85 $2,338,103.85 +43.68%
UHLAND 1.500% $14,432.08 $13,839.46 +4.28% $14,432.08 $13,839.46 +4.28%
WIMBERLEY 1.00% $68,560.15 $68,249.57 +0.45% $68,560.15 $68,249.57 +0.45%
WOODCREEK 1.00% $3,998.28 $3,591.38 +11.32% $3,998.28 $3,591.38 +11.32%
HAYS COUNTY 0.500% $1,840,380.68 $1,402,738.90 +31.19% $1,840,380.68 $1,402,738.90 +31.19%

 

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• MONTHLY SALES TAX REIMBURSEMENTS •zzz

LOCAL SALES TAX ALLOCATIONS (JAN. 2018)

 RECIPIENT JAN 2018 ALLOCATIONS CHANGE FROM JAN 2017 YEAR TO DATE CHANGE
CITIES $456.9M +8.4%  +8.4%
COUNTIES $44.3M +15.0% +15.0%
TRANSIT SYSTEMS  $158.8M +8.5% +8.5%
SPECIAL PURPOSE TAXING DISTRICTS $49.2M +20.0% +20.0%
TOTAL $709.2M +9.5% +9.5%

• Sales Tax Reimbursement Reports – Last 12 Months •

 

 

 

 

 

 

 

 

 

 

 

 

• 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.

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