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

February 9th, 2012
San Marcos sales tax revenue up 5.61 percent

STAFF REPORT

Retail sales in December increased the state’s sales tax allocation to San Marcos this month by 5.61 percent compared to last year’s payment, and generated revenues of $2,498,940.11.

City sales tax revenues this calender year total $4,229,529.71, which is 5.06 percent more than the city received during the same period in 2011.

The state allocated Hays County $1,278,713.39 in sales tax revenue this month, amounting to a 6.68 percent increase compared to February 2011. Year-to-date sales tax revenue is $2,223,057.56, which is an increase of 7.10 percent compared to the same period last year.

These sales tax figures represent monthly sales made in December as well as sales by businesses that report tax on a quarterly or annual basis. For area cities, February 2012’s allocations changed from February 2011’s as follows:

• San Marcos — 5.61 percent increase
• Kyle — 4.23 percent increase
• Buda — 4.27 percent increase
• New Braunfels — 11.49 percent increase
• Wimberley — 0.12 percent increase
• Dripping Springs — 1.69 percent increase
• Hays — 24.34 percent decrease
• Seguin — 15.98 percent increase
• Luling — 6.12 percent increase
• Lockhart — 3.55 percent decrease
• Austin — 5.20 percent increase
• Round Rock — 1.24 percent decrease
• Georgetown — 4.52 percent decrease
• Bastrop — 12.45 percent increase
• Leander — 2.68 percent increase
• Cedar Park — 6.56 percent increase
• Pflugerville — 20.44 increase

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

Texas Comptroller Susan Combs announced Wednesday that she will send February sales tax allocations totaling $708.5 million to cities, counties, transit systems and special purpose taxing districts. This amount is 8.2 percent more than her office allocated in February 2011.

“Sales tax revenue continues to grow in almost all major economic categories and revenue has now increased for 22 consecutive months,” Combs said. “The recent monthly increase was led by the oil and natural gas-related sectors. Restaurants and services sectors also showed significant gains.”

Combs also announced state sales tax revenue in January was $2 billion, which is an increase of 9.5 percent compared to January 2011.

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