Comptroller distributes $709 Million in monthly sale tax revenue to local governments

Posted

Texas Comptroller Glenn Hegar announced earlier this month he has sent cities, 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. 

Locally, Gonzales County - and all four cities in Gonzales County - including Gonzales, Nixon, Smiley and Waelder, saw increases.

Gonzales County received $152,044.34 in the January allocation, which is up 76.15 percent over the allocation received in January of 2017.

The City of Gonzales received $210,650.97 last month. This is an increase of 18.72 percent over the allocation received in the comparable reporting period of Jan. 2017, which was $177,475.

The City of Nixon received an allocation of  $24,085.21, for a 12.05 percent increase over last year’s Jan. allocation of $21,493.14.

The City of Smiley received an allocation of $2,771 last month, compared to the $1,273 received in Jan. of 2017, for a 117.66 percent increase.

The City of Waelder received an allocation of $4,109 in Jan. This is 21.16 percent higher than the Jan. 2107 allocation of $3,391.41.

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

In other comptroller news, Hegar announced this week state sales tax revenue totaled $2.67 billion in January, which is 9.1 percent more than in January of 2017.

Hegar announced this week total sales tax revenue for the three months ending in January 2018 was up 10.8 percent compared to the same period a year ago. Sales tax revenue is the largest source of state funding for the state budget, accounting for 58 percent of all tax collections.

Revenue from other major taxes on motor vehicle sales and rentals, motor fuels and oil and natural gas production also rose in January 2018:   

  • motor vehicle sales and rental taxes - $427.7 million, up 5.1 percent from January 2017;
  • motor fuel taxes - $304.6 million, up 3 percent from January 2017; and
  • oil and natural gas production taxes - $407 million, up 63.9 percent from January 2017.

Comments