Weatherford Democrat

April 9, 2013

Sales tax collections up in Aledo

Weatherford Democrat

Staff Reports

The City of Aledo is showing a 23 percent increase in sales tax collections received from the state comptroller’s office last month — compared with March of 2012 — and is also ahead through the year’s first quarter — by almost 9 percent.

The cities of Willow Park and Cool also saw double-digit increases last month, while the City of Weatherford’s sales tax collections were up about 8 percent.

Annetta, Reno and Springtown, however, saw decreases in their March disbursements compared to a year ago.

As a whole, Parker County’s sales tax collections are up by almost 5 percent for March, but down more than 3 percent for the year-to-date, when compared with the first quarter of 2012.

Statewide, sales tax revenues were up 3.7 percent for the month.

“Sales tax revenues continue to grow, but at a more moderate pace compared to recent months,” Texas Comptroller Susan Combs said. “The latest increase was led by receipts from the construction and restaurant sectors. Collections from other major sectors such as oil and natural gas-related businesses and maunufacturing remain at high levels.”

March’s sales tax rebates are based on taxable sales made in January within the city and reported to the state in February.