San Marcos Mercury | Local News from San Marcos and Hays County, Texas

STAFF REPORT

Retail sales in October increased the state’s sales tax allocation to San Marcos this month by 2.1 percent compared to last year’s payment, and generated revenues of $1,469,291.46.

Sales tax revenues this calender year total $19,905,271.23, which is 5.98 percent more than the city received during the same period in 2010.

Most cities in the Austin-Round Rock-San Marcos metropolitan area showed small to strong sales increases in October.

Area cities had the following results for December sales tax allocations:

• San Marcos — 2.1 percent
• Kyle — 9.88 percent
• Buda — 10.4 percent
• Round Rock — 7.78 percent
• New Braunfels — 7.45 percent
• Austin — 6.24 percent
• Seguin — 20.05 percent
• Georgetown — 3.74 percent

Sales tax collections account for about 45.7 percent of all general fund revenue for the City of San Marcos.

Hays County received $820,979.43 in sales tax revenue this month, amounting to a 3.73 percent increase compared to December 2010. Hays County sales tax revenues this calender year total $10,911,857.18, which is 9.32 percent more than the county received during the same period in 2010.

Texas Comptroller Susan Combs will send December sales tax allocations totaling $478.3 million to cities, counties, transit systems and special purpose taxing districts, an amount 9.7 percent more than December 2010’s allocations.

“Sales tax revenue in all major economic sectors improved over a year ago,” Combs said. “While sales tax receipts associated with oil and natural gas production remains the strongest source of growth, there were strong increases from the consumer-driven sectors of retail trade and restaurants.”

Correction: The above article has been edited to say the December sales tax payments reflect sales that occured in October. The article originally stated the payments reflected November sales.

Email Email | Print Print

--

Leave a Reply

Your email address will not be published. Required fields are marked *

:)