Strong retail sales in April increased San Marcos sales tax receipts by 12.82 percent compared to April 2010, generating revenues of $1,492,500 for the eighth month of the city’s fiscal year.
The city has shown a 9.1 percent increase in sales tax revenues since Oct. 1 when the 2011 budget year began.
“Sales tax revenues play a significant role in providing essential community services and sustaining our high quality of life,” said Mayor Daniel Guerrero. “It is a good sign that sales are strengthening in San Marcos as well as Central Texas.”
Most cities in the Austin-Round Rock-San Marcos metropolitan area showed small to strong increases in April. Kyle posted a 13.06 percent increase and New Braunfels, 4.02 percent.
Area cities had the following results for April sales tax collections:
Sales tax collections account for 45.7 percent of all general fund revenue for the city of San Marcos. The city maintains a strong fund balance of 30.2 percent in the general fund and has financial policies in place that closely track revenues and expenditures to respond to variations in revenues.Email | Print