March 14th, 2011
San Marcos sales tax revenue jumps nearly 7 percent for January

STAFF REPORT

The state comptroller has cut a check to the city of San Marcos for $1,424,928.63 for sales tax collected on retail activity in January. The number is an increase of $92,764.73, or 6.96 percent, compared to the previous year.

“The majority of cities in our region showed strong increases for January,” said Mayor Daniel Guerrero. “After our record-setting numbers for November and December, our January sales tax growth remained strong.”

For the first five months of fiscal year 2011, San Marcos has seen an 11.3 percent increase in sales tax revenues compared to Fiscal Year 2010. The city’s fiscal year runs from October to September each year.

Regional cities were led in sales tax revenue growth by Round Rock at 14.85 percent and Georgetown at 13.34 percent. Some cities saw revenue reductions.

Area cities had the following results for January sales tax collections:

• San Marcos — 6.96 percent
• Georgetown — 13.34 percent
• Kyle — 8.57 percent
• Round Rock — 14.85 percent
• Seguin – -5.27 percent
• Austin — 4.39 percent
• New Braunfels — -0.62 percent

Taxes from retail sales account for 45.7 percent of general fund revenue for the city of San Marcos.