Last month, the City of San Marcos hit it’s fourth month of negative sales tax revenue, but this month is a completely different story.
However, being nine months into their fiscal year, their revenues are currently down 3.50% over last year. It doesn’t sound like much, but when you are talking about millions of dollars, it can certainly add up to a chunk of money.
Texas Comptroller announced today he will send cities, counties, transit systems and special purpose taxing districts $640 million in local sales tax allocations for June, 3.6 percent more than in June 2016. These allocations are based on sales made in April by businesses that report tax monthly.
“The cities of Round Rock, Frisco, San Antonio, Midland and Odessa saw noticeable increases in sales tax allocations,” Hegar said. “The cities of Houston and Austin saw small decreases.”
| CITY | RATE | NET PAYMENT THIS PERIOD | COMPARABLE PAYMENT PRIOR YEAR | % CHANGE | PAYMENT YTD | PRIOR YEAR PAYMENT YTD | % CHANGE |
|---|---|---|---|---|---|---|---|
| BUDA | 1.50% | $457,561.05 | $454,950.67 | 0.57% | $2,937,999.63 | $2,813,258.14 | 4.43% |
| DRIPPING SPRINGS | 1.250% | $172,841.32 | $167,049.28 | 3.46% | $999,635.51 | $960,106.32 | 4.11% |
| HAYS | 1.000% | $657.03 | $1,447.78 | -54.61% | $6,867.18 | $6,647.99 | 3.29% |
| KYLE | 1.500% | $568,870.97 | $506,314.41 | 12.35% | $3,548,310.72 | $3,261,131.17 | 8.80% |
| MOUNTAIN CITY | 1.000% | $1,476.39 | $960.59 | 53.69% | $7,206.85 | $5,939.47 | 21.33% |
| NIEDERWALD | 1.000% | $2,878.04 | $2,221.97 | 29.52% | $17,211.11 | $14,783.86 | 16.41% |
| SAN MARCOS | 1.500% | $2,030,955.38 | $1,927,095.96 | 5.38% | $13,775,967.47 | $14,276,420.14 | -3.50% |
| UHLAND | 1.500% | $15,350.78 | $12,408.12 | 23.71% | $91,823.01 | $79,926.73 | 14.88% |
| WIMBERLEY | 1.00% | $70,299.56 | $68,621.04 | 2.44% | $445,413.76 | $438,352.52 | 1.61% |
| WOODCREEK | 1.00% | $4,350.24 | $3,285.30 | 32.41% | $23,596.30 | $20,643.54 | 14.30% |
| HAYS COUNTY | 0.500% | $1,351,193.05 | $1,236,767.72 | 9.25% | $8,573,461.53 | $8,435,635.54 | 1.63% |
| RECIPIENT | JUNE 2017 ALLOCATIONS | CHANGE FROM JUNE 2016 | YEAR TO DATE CHANGE |
|---|---|---|---|
| CITIES | $415.2M | +2.7% | +2.5% |
| COUNTIES | $38.6M | +6.6% | +1.9% |
| TRANSIT SYSTEMS | $144.0M | +2.9% | +3.3% |
| SPECIAL PURPOSE TAXING DISTRICTS | $42.2M | +12.5% | +10.9% |
| TOTAL | $640.M | +3.6% | +3.1% |
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