Across the state, sales tax receipts are continuing an upward trend, however locally in October, they saw a decrease. The statewide sales tax revenue in October was $2.03 billion, up 8.2 percent compared to October of 2011.
Grayson County cities experienced a 3.15 percent drop overall increase to $2,296,885 from the same period last year. However, they are still up 3.77 percent year to date from last year.
“The state’s growth in sales tax revenue continued to be led by collections from the oil and natural gas-related sectors,” said Texas Comptroller Susan Combs. “We also saw strong consumer spending drive gains in retail trade and the restaurant sector as well.”
Combs will send November local sales tax allocations totaling $611.5 million to cities, counties, transit systems and special purpose taxing districts. November local sales tax allocations are up 5.4 percent compared to November of 2011.
Likely contributing largely to Novembers’s decline in Grayson County, both Sherman and Denison saw decreases during the month when compared with the same month in 2011.
Sherman’s sales tax revenue saw a decrease of 5.35 percent to $1,433,742. The city’s 2012 payments to date total $14,917,464, up 2.6 percent compared to last year. Denison’s sales tax allocations decreased 1.03 percent when compared with the same month last year. The city brought in $556,891. Denison’s payments to date are up 7.29 percent for the year, to $4,999,886.
Bells’ payment for November is $21,427, up 18.1 percent from the same month last year. Collinsville’s is $10,765, up 15.84 percent. Dorchester’s is $270, up 118.03 percent. Gunter’s is $12,606, up 19.91 percent. Howe’s is $24,206, down 9.84 percent. Knollwood’s is $4,477, up 7.3 percent. Pottsboro’s is $41,964, up 59.04 percent. Sadler’s is $1,486, up 50.58 percent. Southmayd’s is $14,532, up 150.99 percent. Tioga’s is $9,754, up 8.69 percent. Tom Bean’s is $7,410, up 10.75 percent. Van Alstyne’s is $68,196, down 5.85 percent. Whitesboro’s is $67,002, up 2.2 percent. Whitewright’s is $22,155, down 42 percent.
The sales tax figures represent monthly sales made in October.
For details of local sales tax allocations in November to individual cities, counties, transit systems and special purpose districts, locate the Monthly Sales Tax Allocation Comparison Summary Reports on the Comptroller’s website at http://www.window.state.tx.us/taxinfo/allocsum/compsum.html.