Tax revenues up in county
San Jacinto News- Times - July 2008
COLDSPRING -- Sales tax revenue in June was up in Point Blank and Shepherd but down in Coldspring, according to Texas Comptroller Susan Combs. July sales tax allocations were sent to the cities of Coldspring, Shepherd and Point Blank and to San Jacinto County last week “While we have seen the national economy slowing, growth in Texas sales tax revenue continues at a steady pace,” Combs said. The state collected $1.7 billion in sales tax revenue in June, up 8.4 percent compared to June 2007. “Through June 2008, fi scal year-to-date state sales tax collections have increased 6.1 percent compared to fi scal 2007,” Combs said.
The City of Coldspring received $12,975 this period compared to $13,378 for the same period one year ago, down 3.01 percent. The City of Point Blank received $1,116 this period compared to $1,005 for the same period one year ago, up 11.09 percent. The City of Shepherd received $15,163 this period compared to $13,833 for the same period one year ago, up 9.61 percent. San Jacinto County saw a 4.91 percent increase in its payment this period which totaled $23,412.43, up from $22,315 for the same period one year ago. Combs sent July sales tax allocations totaling $467.8 million to cities, counties, transit systems and special purpose taxing districts, up 4.8 percent compared to July 2007.
Combs sent July sales tax allocations of $311.9 million to Texas cities, up 2.6 percent compared to July 2007. So far this calendar year, city sales tax allocations are up 5 percent compared to the same time period last year. Texas counties received sales tax payments of $28.9 million, up 5.5 percent compared to last July. So far this year, sales tax allocations to counties are up 6.3 percent compared to 2007. Combs sent $17.5 million to 135 special purpose taxing districts, up 19.5 percent compared to last July. Ten local transit systems received $109.3 million in sales tax allocations, up 9.1 percent compared to a year ago.
State sales tax collections in June and local sales tax allocations in July represent sales that occurred in May and were reported to the Comptroller in June. For details of July sales tax payments to individual cities, counties, transit systems and special purpose districts, locate the Monthly Sales Tax Allocation Comparison Summary Reports on the Comptroller’s Web site at www.window.state.tx.us/taxinfo/ allocsum/compsum.html. The Comptroller’s next sales tax allocation will be made on Friday, Aug. 8.