Granbury’s sales tax payment up 4 percent, but remains below average increase across the state

July 6, 2013

Sales tax chart 7-6-13.pdf

State sales tax revenue in May was $2.26 billion, up 7.9 percent compared to May 2012, according to Texas Comptroller Susan Combs.

Granbury’s monthly payment was up about 4 percent from last year, while Hood County’s monthly check was down about 8 percent.

For the year, Granbury is up about 3 percent over 2012.

Hood County sales tax collections are down 27 percent for the year.

“Growth in state sales tax revenue was led by collections from the information services and construction sectors,” Combs said.

“Restaurants also showed notable growth, while oil and natural gas-related activity remains a major source of strength.”

The gas-related activity has slowed to a crawl in Hood County with only a handful of drilling permits issued this year.

The sales tax figures represent sales made during the month of April.

Local governments received their portions of the sales tax in June.

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Category: Business News Archived