Texas Distributes $5.7 Million In Monthly Sales Tax Revenue To Hays County, Local Governments

Texas Comptroller Glenn Hegar announced today he will send cities, counties, transit systems and special purpose taxing districts $759 million in local sales tax allocations for July, 11.6 percent more than in July 2017.

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

Sales tax revenues represent 44.8% of San Marcos’ general fund (budget) revenue and are the largest single revenue source supporting general government services in San Marcos’ budget.

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

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

July 2018 Total – Local Central Texas Cities: $4,098,527.13

July 2018 Total – Hays County: $1,648,006.91

July 2018 Combined Total: $5,746,534.21

June 2018

June 2018 Total – Local Central Texas Cities: $3,792,442.79

June 2018 Total – Hays County: $1,586,133.19

June 2018 Combined Total: $5,378,575.98

Central Texas Cities & County 2018 Year To Date Totals

2018 Year To Date Total – Local Central Texas Cities: $31,428,115.81

2018 Year To Date Total – Hays County: $12,294,052.27

2018 Year To Date Countywide Combined Total: $43,722,168.08

• Monthly Breakdown •

• Interesting Stats & Facts •

San Marcos Property Tax Rate

• The City of San Marcos’ total outstanding debt as of August 31, 2016: $389,029,050 Million (does not include September 1, 2016 – June 7, 2018. Read more HERE);
  

• City of San Marcos Property Tax Rate: Rate .6139 cents per $100 of property valuation (This was as of San Marcos’ Oct. 1 2018 budget. Read more HERE);

• City of Austin Property Tax Rate: Rate .4448 cents per $100 of property valuation (This was as of Austin’s Oct. 1, 2018 Budget. Read more HERE)

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

According to the San Marcos’ 2018 Final/Approved budget, the city 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 $10,667,350 in the next fiscal year, a sum that is equivalent to 23.62 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 23.30 cents more, or 84.69 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 •

• 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

• DECEMBER 2017: Hays County And Local Government’s Monthly Sales Tax Revenue For December

• NOVEMBER 2017: Hays County And Local Government’s Monthly Sales Tax Revenue
• OCTOBER 2017: San Marcos Monthly Sales Tax Allocations Down First Month Of Fiscal Year 2018
• SEPTEMBER 2017: Comptroller Glenn Hegar Distributes $5.2 Million In Monthly Sales Tax Revenue To Hays County, Local Governments
• AUGUST 2017: An Additional Month Of Sales Tax Revenue Deficit’s For City Of San Marcos
• JULY 2017: Additional Month Of Sales Tax Deficits For San Marcos, All Other Hays County Cities Up

• 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.