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Sales Tax Up for Local Cities

February 12, 2015 at 12:21 am brownwoodnewsstaff
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comptrollerlogo2Texas State Comptroller Glenn Hegar released sales tax allocation numbers for February showing most cities in Brown County with an increase.  Brownwood, Early, and Bangs were each up on this month’s sale tax allocations with a decrease for the city of Blanket.

“The growth in sales tax revenues was led by business spending,” Hegar said. “Receipts from the manufacturing and wholesale trade sectors were up sharply. In spite of the recent decline in crude oil prices, tax receipts from the oil and natural gas mining sector also grew strongly.

Hegar will send cities, counties, transit systems and special purpose taxing districts their February local sales tax allocations totaling $873.1 million, up 8.9 percent compared to February 2014.

The sales tax figures represent December sales reported by monthly tax filers as well as October, November and December sales by businesses that report tax quarterly.

See details for the January numbers below.

City Net Payment
This Period
Comparable Payment
Prior Year
% Change 2015 Payments
To Date
2014 Payments
To Date
% Change
Bangs 17,248.40 14,357.83 20.13% 27,109.50 23,176.47 16.96%
Blanket 2,078.68 3,236.91 -35.78% 4,010.70 4,974.14 -19.36%
Brownwood 725,042.05 684,282.63 5.95% 1,233,080.30 1,152,896.97 6.95%
Early 128,312.66 122,820.50 4.47% 207,529.31 198,966.48 4.30%

 

Tags: BrownwoodNews, Bulletin, news, texas, Texas State Comptroller Glenn Hegar released sales tax allocation numbers for February showing most cities in Brown County with an increase. Brownwood
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