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 | Print