Sales tax receipts decline in Granbury

Sales tax chart 8-10-13.pdf

Sales tax revenue was on the upswing in cities across the state. Granbury was a different story.

Numbers from State Comptroller Susan Combs’ office show the city was 17 percent below sales tax receipts for the same period last year.

City Manager Wayne McKethan was not available by press time to comment on the situation.

Across the state, sales tax revenue in July was $2.2 billion, up 7.3 percent compared to July 2012.

“Texas sales tax revenue has increased for 40 consecutive months,” Combs said. “The retail trade sector bolstered the latest growth in monthly revenue, and collections from the construction and the oil and natural gas sectors continued to show strength.”

Combs is distributing the August local sales tax allocations totaling $671 million, up 6.2 percent from last August.

The sales tax figures represent monthly sales made in June as well as quarterly sales by those reporting quarterly.