The city of San Marcos joined area cities and the State of Texas in receiving healthy sales tax revenues in September, reflecting robust sales during July.
San Marcos received sales tax revenues of $1,924,669, a 13.73 percent increase over July of 2011, setting a new record for the period. The State of Texas as a whole was up by 18.5 percent.
Other area cities posted very strong sales tax increases over a year ago, including Seguin at 51.77 percent, Kyle at 41.99 percent and Austin at 28.1 percent. Since the beginning of the fiscal year last October 1, San Marcos sales tax revenues have increased by 6.3 percent over the previous year.
“These major increases regionally and statewide are a welcome sign of the health of our economy,” said Mayor Daniel Guerrero. “Sales tax revenues play a major role in providing our community with essential services and we are pleased that San Marcos has shown increases in 30 out of the past 32 months.”
Area cities had the following results for July sales tax collections:
San Marcos — 13.73 percent
Seguin — 51.77 percent
Kyle — 41.99 percent
Georgetown — 31.60 percent
Austin — 28.09 percent
Schertz — 14.28 percent
New Braunfels — 12.19 percent
Round Rock — 1.56 percent
Sales tax collections account for about 45.7 percent of all general fund revenue for the city of San Marcos.Email | Print