Sales tax revenue up in Granbury

Sales tax chart 4-13-13.pdf

State sales tax revenue in March was $1.98 billion, according to Texas State Comptroller Susan Combs. That’s up 5.5 percent compared to March 2012.

Granbury was right on target with the state average, showing a 6 percent gain from last year’s payment. For the year, the city is up 8 percent in collections.

“Sales tax revenue growth was seen in both the business and consumer sectors of the economy,” Combs said. “Collections grew in sectors such as manufacturing and retail trade. Sales tax revenue has now increased for 36 consecutive months.”

After large sales tax receipts last year, Hood County is down more than 30 percent for 2013.

The sales tax revenue collected in February was sent to the state in March, and distributed back to the entities in April.

Combs will send cities, counties, transit systems and special purpose taxing districts their April local sales tax allocations totaling $521.9 million.