June 10th, 2011
San Marcos sales tax revenue up 12.8 percent

SUBMITTED REPORT

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:

• San Marcos — 12.82
• Kyle — 13.06 percent
• Round Rock — 8.03 percent
  
• New Braunfels — 4.02 percent
• Austin — 3.46 percent
• Seguin — 1.63 percent
• Georgetown — 1.51 percent

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.