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Granbury sales tax up 2 percent

February 26, 2014

sales tax chart 2-26-14.pdf

Christmas shoppers must have spent a little more last year, pushing Granbury’s sales tax receipts up 2 percent from the year before.

Statewide sales tax revenue in January was $2.3 billion, up 8.3 percent compared to January 2013, according to Texas Comptroller Susan Combs.

“Increases were seen across all major sectors of the Texas economy,” Combs said. “This indicates continued expansion in both consumer and business spending, and brings the growth in fiscal year-to-date collections to 4.6 percent compared with the previous year. Sales tax revenue has increased for 46 consecutive months.”

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.

Combs will send cities, counties, transit systems and special purpose taxing districts their February local sales tax allocations totaling $802.1 million, up 8.2 percent compared to February 2013.

For details of February sales tax allocations to individual cities, counties, transit systems and special purpose districts, locate the Monthly Sales Tax Allocation Comparison Summary Reports on the Comptroller’s website at www.window.state.tx.us/taxinfo/allocsum/compsum.html.

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Category: Business News Archived