The city of San Marcos has received sales tax collections of $1,598,644.95 for sales in September 2010, an increase of $164,035.70 or 11.43 percent above September 2009.
A number of Central Texas cities showed strong increases, including Kyle at 16.01 percent, Georgetown at 15.64 percent, New Braunfels at 10.16 percent and Austin at 7.66 percent. The average increase over the past ten months for San Marcos has been 5.9 percent per month.
Area cities had the following results for September collections:
- San Marcos 11.43 percent
- Kyle 16.01 percent
- Georgetown 15.64 percent
- New Braunfels 10.16 percent
- Austin 7.66 percent
- Round Rock 3.61 percent
- Seguin 1.83 percent
“We are pleased that our fiscal year is off to a strong start,” said Mayor Daniel Guerrero. “Because of the volatility of sales tax revenue –and its importance to our budget—we will monitor these revenues carefully every month as our fiscal year progresses.”
Taxes from retail sales account for 45.7 percent of general fund income for the City of San Marcos. The city maintains a 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.