The March opening of a Kohl’s department store in Kyle spurred the city to a near-record sales tax haul for that month, according to May allocations reported by the state comptroller’s office.
Kyle raked in $291,3567.38 in sales tax allocations in May. The May numbers represent March sales, which are reported to the comptroller’s office in April.
Kohl’s opened in Kyle the first week in March. The May sales tax allocation for Kyle represents an increase of 30.70 percent from May 2008, when the city brought in $222,904.93. In April 2009, Kyle reached only $175,688.51 in sales taxes.
The May number in Kyle was barely short of the city’s record, which is $293,719.67 in November 2008.
For the year to date, Kyle has brought in $1,069,309.96, up 17.86 from last year’s mark of $907,232.86 through May 2008.
Kyle city manager Tom Mattis told the city council Tuesday night that sales taxes are 9.6 above projections on the present fiscal year budget.
Kyle exceeded Buda’s sales tax collection for only the second time since August 2002.
However, Buda also saw a year-to-year sales tax increase in May, bringing in $290,876.37, up 6.17 percent from the May 2008 total of 273,972.06. Buda remains down 2.18 percent from its sales tax take to this point in 2009, totalling $1,385,949.97 against the May 2008 cumulative total of $1,416,916.42.
San Marcos took a precipitous dip in its sales tax collections this May, receiving a check for $1,466,227.13 from the comptroller, down 14.62 percent from $1,717,419.04 in May 2008. For the year, San Marcos is down 4.37 percent in sales tax revenues, taking in $7,694,687.68 to date. Through May 2008, the city received $8,046,975.17.
San Marcos has not had an annual drop in sales tax revenue since 1987, when it’s pre-outlet mall haul of $1,631,744,30 represented a decrease of nearly $200,000 from a year earlier. Since then, the city’s sales tax base has increased more than ten-fold, reaching a record $18,382,874.13 in 2008.
In total, the ten Hays County municipalities brought in $2,191,4976.46 in May 2009, down 7.07 percent from the May 2008 total of $2,358,463.64. For the year, Hays County towns have collected $10,761,221.63 in sales taxes, down 1.48 percent from $10,923,158.62 through May 2008.
Across Texas, cities collected $367,111,165.59 in sales taxes on the May 2009 allocation, down 2.82 percent from $377,780,959.62 in May 2008. The May slump put Texas slightly behind last year’s sales tax pace. Through May, cities have collected $1,689,174,130.30 in sales taxes in 2009, down 0.03 percent from $1,689,682,936.01 collected through May 2008.
The state of Texas as not endured a sales tax decrease over an entire year since 1987, when $850,799,440.83 came in about $16 million short of 1986. The state’s retail economy has grown more than four-fold since then, with sales tax receipts in Texas reaching $4,039,196,013.06 in 2008.Email | Print