City’s Sales tax revenue falls

By Timothy J. O’Malley, Managing Editor of The Mexia News

 

Texas Comptroller Glenn Hegar announced he will send cities, counties, transit systems and special purpose taxing districts $774.9 million in local sales tax allocations for November, five percent more than in November 2016. These allocations are based on sales made in September by businesses that report tax monthly.

 

Cities on average in the state had a 4.3 percent increase change from Nov. 2016 and a 3.1 percent increase change year-to-date.

 

Freestone County had one city, Streetman, in the positive by 38.13 percent change from Nov. 2016 while Streetman and Teague exceed the State’s YTD revenue by 10 percent or more.

Limestone County shows three cities falling within the State’s average increase change from November 2016. They are Coolidge, Kosse and Thronton. Cities above the State’s average change YTD are Groesbeck, Kosse, and Thornton.

 

Counties in the state saw a 14.2 percent increase change from November 2016 and 5.9 percent increase year-to-date.

 

Limestone County took a dip this month by -1.0 percent than last year. This month Limestone brought in $305,926.12. Year to date the county received payment of $3,151,768.35 which is 1.3 percent better than this time last year.

Freestone County brought in $263,818.22 which is -4.55 percent than this time last year. YTD Freestone is under 2.34 percent receiving $2,208,725.39.

 

City sales tax revenue breakdown are as follows:

 

Limestone County

Mexia received $226,089.89 compared to the $228,284.92 reported in this month in 2016, a decrease of 0.96 percent. Year-to-date, Mexia received $2,355.291.86. That number is 0.57 percent less than the $2,368,925.68 year-to-date total, 12 months ago.

Kosse is 5.26 percent in the positive YTD generating $90,941.64. Kosse generated 3.82 percent more this month than from November 2016, in the amount of $10,175.31.

Coolidge will see a check for $3,348.04 exceeding last year’s amount by 5.59 percent. Year-to-date, Coolidge is under 10.01 percent receiving YTD $22,514.41 compared to 2016 figures of $25,019.38.

Groesbeck fell in sales this month at 2.29 percent. They will receive a check for $64,487.92. YTD Groesbeck will have received $665,937.19 compared to last year of $614,678.39, a plus of 8.33 percent.

To read more of this story, pick up a copy of Thursday's edition of The Groesbeck Journal! You can also subscribe online or call 254-729-5103.

Groesbeck Journal

P.O. Box 440
Groesbeck, TX 76642
Phone: 254-729-5103
Fax: 254-729-0362