From Staff Reports
Texas Comptroller Susan Combs recently said state sales tax revenue reported to the state in January was $2.3 billion, up 8.3 percent compared to January 2013.
“Increases were seen across all major sectors of the Texas economy,” Combs said. “This indicates continued expansion in both consumer and business spending, and brings the growth in fiscal year-to-date collections to 4.6 percent compared with the previous year. Sales tax revenue has increased for 46 consecutive months.”
Combs will send cities, counties, transit systems and special purpose taxing districts their February local sales tax allocations totaling $802.1 million, up 8.2 percent compared to February 2013.
February sales tax disbursements to cities and counties reflect taxable retail sales made in December, during the holiday shopping season, and are reported to the state in January.
In the first two months of 2014, the City of Weatherford’s sales tax collections are 5 percent ahead of the same period a year ago. Its February disbursement was a modest 2 percent gain over its February 2013 check. Weatherford’s sales tax receipts total $1.795 million in the first two months.
Three Parker County cities – Annetta, Hudson Oaks and Willow Park – showed double-digit gains in the February checks compared to a year ago, with Willow Park’s allocation 20 percent ahead of February 2013. Year-to-date, Annetta, Willow Park and Parker County are showing double-digit sales tax collection gains, with Hudson Oaks at 9.5 percent so far in 2014.
For February, the towns of Cool, Millsap and Reno showed declines in sales tax collections compared to February 2013, while on the year Aledo, Cool, Reno and Springtown are down in collections after receiving their January and February checks.
Aledo, however, did show a modest gain in its February allocation.