• December 18, 2014

Sales tax revenues increase in Feb.

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Posted: Thursday, February 13, 2014 4:30 am

Nolanville, Harker Heights and Lampasas experienced double-digit percentage increases in their sales tax allocations for February compared to the same month last year.

Cities, counties, transit systems and special purpose taxing districts will receive February local sales tax allocations of $802.1 million, an increase of 8.2 percent compared to February 2013 later this month, stated the Texas Comptroller of Public Accounts office in a news release.

State sales tax revenue in January was $2.3 billion, up 8.3 percent compared to January 2013, Texas Comptroller of Public Accounts Susan Combs said in a news release. February’s allocations are derived from January’s sales tax revenues.

“This indicates continued expansion in both consumer and business spending,” Combs said.

Comparing February 2013 to February 2014, Nolanville experienced the largest percentage increase among local cities: 29.88 percent, or an increase of almost $7,000. Harker Heights experienced the second largest percentage increase: 14.56 percent, or about $83,000.

Lampasas had an increase of 11.78 percent, or $16,500.

Copperas Cove broke a five-month trend of having lower monthly totals than its previous year with the February allocation.

Revenue was up by 1.4 percent, almost $6,000, for Cove.

The city’s year-to-date comparison remained down by 3.7 percent, almost $28,000 less.

Unlike Cove, Killeen did not break its trend of receiving less sales tax revenue than the previous year’s month. The trend has occurred for at least four months.

For February’s allocation, the city will receive 3.2 percent, almost $67,000 less than the previous February. Its year-to-date totals also are lagging behind the previous year by 5.43 percent, or $200,000.

Salado also continued to see a decrease comparing the month-to-month allocations: 7.75 percent, or almost $4,000. It, too, experienced the trends for the past four months.

Comparing the year, the village is down by 10.33 percent, or $8,000.

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