• June 26, 2016

State sales tax revenue rises

Killeen-Fort Hood area dips slightly

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Posted: Thursday, November 8, 2012 4:30 am

Texas Comptroller Susan Combs said Wednesday that Texas sales tax revenue in October was $2.03 billion, up 8.2 percent from October 2011.

“The state’s growth in sales tax revenue continued to be led by collections from the oil and natural gas-related sectors,” said Combs. “We also saw strong consumer spending drive gains in retail trade and the restaurant sector.”

Combs will send November local sales tax allocations totaling $611.5 million to cities, counties, transit systems and special purpose taxing districts, up 5.4 percent since 2011.

Although the state’s numbers are up, the Killeen-Fort Hood area’s numbers are down slightly compared to this time last year. But overall, the area is ahead of where it was last year.

Killeen had a net payment of just more than $1.75 million this period, down 3.14 percent from the same period in 2011. Overall, Killeen is up 7.29 percent for the year with total payments of just more than $18.4 million to date. Harker Heights’ net payment this period was $446,561.16, down 1.56 percent since October 2011. Heights is up 10.62 percent for the year with a total of just more than $5 million. Cove’s net payment went up 5.61 percent to $367,578.67 in October. Cove is up 6.92 percent for the year with total payments to date of just more than $3.5 million.

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