Weatherford Democrat

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August 30, 2013

Sales tax collections continue to increase

From Staff Reports

Sales tax disbursements to area cities and Parker County overall reflect continued growth.

Since January, the City of Weatherford, which levies a 1.5-cent local sales tax, has collected $6.47 million, an increase of 2.35 percent on the year to date. It’s August disbursement, reflecting taxable retail sales made in June and reported to the state in July, was up 9 percent over its August 2012 receipts.

Willow Park and Annetta saw much larger August checks compared to a year ago, with increases of nearly 20 percent and 17 percent, respectively. Both those cities, along with Millsap, are showing double-digit increase in sales tax collections on the year compared to the first eight months of 2012. Annetta’s year-to-date collections are a robust 22 percent ahead of the city’s 2012 sales tax receipts.

The sales tax check sent to Parker County this month was a whopping 60 percent gain over its August 2012 check to send its collection rate ahead of last year’s pace.

Statewide sales tax revenue reported to the state in July totaled $2.2 billion, up 7.3 percent compared to July 2012.

“Texas sales tax revenue has increased for 40 consecutive months,” State Comptroller Susan Combs said.  “The retail trade sector bolstered the latest growth in monthly revenue, and collections from the construction and the oil and natural gas sectors continued to show strength.”

Combs will send cities, counties, transit systems and special purpose taxing districts their August local sales tax allocations totaling $671 million, up 6.2 percent compared to August 2012.

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