San Marcos Mercury | Local News from San Marcos and Hays County, Texas
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Feb. 2012 Feb. 2011 Difference 2012 YTD 2011 YTD Difference
Hays County 848,804.80 683,893.58  24.11% 3,879,800.48 3,524,506.14 10.08%
San Marcos 1,514,592.80 1,287,328.50 17.65% 7,183,645.98 6,737,947.94 06.62%
Buda  264,744.49  229,339.53   15.43%  1,198,641.16  1,120,186.39  12.02%
Kyle  237,156.09  179,339.35  32.23%  1,100,823.28  982,648.20  12.02%
Dripping
Springs
 82,451.57  52,889.73  55.89%  372,835.18  310,937.44  19.90%
Wimberley  37,187.65  29,017.75   28.15%  183,545.11  171,433.02 07.06%

 

STAFF REPORT

Retail sales in February fueled a monthly increase in sales tax receipts over the previous year’s collections by 17.65 percent, generating $1,514,592 for the city of San Marcos’s coffers.

Kyle, Buda and Hays County as a whole also saw double-digit percentage increases in their February revenue compared to February 2011.

Kyle’s collected $237,156 in February, a 32.23 increase over last year while Buda collected $264,744, a 15.43 percent increase. The county government also collects a half-cent sales tax and its February tally came to $848,804, a 24.11 percent jump.

The majority of comparison cities in Central Texas showed extremely strong increases, including Kyle at 32.24 percent, Seguin at 28.4 percent and Georgetown at 28 percent. One notable exception was the city of Round Rock, which saw a 5.92 percent decrease to $4,250,510.

The average increase for the State of Texas for the period was 14.76 percent.

For the first six months of the fiscal year beginning October 1, sales tax revenues are up by 5.08 percent, compared to the previous year.

“Our city has seen sales tax revenue increases for 25 out of the past 27 months,” said Mayor Daniel Guerrero. “We are pleased to see a strong showing for San Marcos and Central Texas as a whole.”

Sales tax collections account for about 45.7 percent of all general fund revenue for the City of San Marcos. The city maintains a strong fund balance of 30.1 percent in the general fund.

Other Central Texas cities — Feb 2012 — Feb 2011 — % Diff

Lockhart — 138,796.71 — 120,908.33 — 14.79%
Seguin — 452,622.12 — 352,523.39 — 28.39%
Schertz — 521,092.53 — 421,347.39 — 23.67%
New Braunfels — 1,456,141.85 — 1,280,666.22 — 13.70%
Georgetown — 1,106,493.84 — 864,704.46 — 27.96%
Round Rock — 4,250,510.77 — 4,518,082.84 — -5.92%

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