• October 31, 2014

Texas sales tax revenue increases

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Posted: Thursday, June 7, 2012 12:00 pm

By M. Clare Haefner

Killeen Daily Herald

Sales tax grew for the 26th straight month, with the state collecting more than $2 billion in May, according to the comptroller's office.

Wednesday's report shows a 7 percent increase over May 2011, and local governments will collect $514 million when checks are distributed on Friday.

"As the recovery continues, the year-to-year rate of growth is stabilizing," Comptroller Susan Combs said in a statement. "Collections remain strong in the oil and natural gas-related sectors as well as other segments of the Texas economy such as the restaurant industry."

Local numbers in Wednesday's report were mostly positive:

Killeen will receive $1,500,119.22, up 6.32 percent from May 2011. The city's sales tax allocation is up 7.26 percent for the year.

Harker Heights will collect $426,596.39, up 12.20 percent from May 2011; up 13.4 percent for the year.

Belton's $304,981.98 is up 14.78 percent from May 2011; up 10.08 percent for the year.

Nolanville's $15,203.69 is up 5.43 percent in May; up 3.48 percent for the year.

Salado's $28,548.58 is up 19.77 percent in May; up 10.66 percent for the year.

Temple's $1,271,980.76 is up 3.93 percent in May; up 3.94 percent for the year.

Copperas Cove's $286,024.94 is up 3.34 percent in May; up 4.86 percent for the year.

Gatesville's $126,255.82 is up 4.68 percent in May, but down 1.75 percent for the year.

Kempner's $9,165.68 is down 15.07 percent in May; down 19.33 percent for the year.

Lampasas' $108,115.35 is down 1.76 percent in May, but up 3.19 percent for the year.

The June tax allocation from May's sales tax collection represents sales made in April.

While state tax revenue is higher than forecast, it's still not enough to cover an expected $4 billion budget deficit next year. Gov. Rick Perry on Tuesday asked state agencies to be prepared for 10 percent cuts when the Legislature meets in January to start work on the next budget.

The Associated Press contributed to this report.

Contact M. Clare Haefner at chaefner@kdhnews.com or (254) 501-7551.

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