Texas Comptroller Glenn Hegar announced that he will send cities, counties, transit systems and special purpose taxing districts $626.3 million in local sales tax allocations for December, three percent less than in December 2014. These allocations are based on sales made in October by businesses that report tax monthly.
The sales tax countywide for Atascosa dropped 7% from the comparable payment from last year and showed a slight loss of .5% on the year’s total. All taxing entities in the county except for Lytle showed a loss. Lytle gained a 10% increase over last year from $69,043 to $76,277. Pleasanton’s net payment this period was $578,992 as compared to the prior figure of $623,538 in 2014, a 7.14% decrease. Pleasanton’s 2015 payment to date of $7,099,636 remains 2.67% higher than the 2014 payment to date.
Charlotte saw a 24% loss — the biggest in the county – with a rebate of $26,974.10 as compared to the $35,273.49 check received last year during this payment period.
Hegar said the state recently had a stretch of 63 consecutive months where it generated more sales tax revenue than in the same month the previous year. While economic growth has slowed due to a drop in oil prices, Hegar said, “Remittances from other sectors, including construction, restaurants and retail trade, continued to grow.