Clarendon is riding a roller coaster when it comes to sales tax revenue this season with the latest allocation from Texas Comptroller Glen Hegar showing a gain for the month.
The city’s July allocation was up 6.45 percent at $29,835.93 compared to $28,027.09 for the same period one year ago.
That’s a sharp difference from the June allocation which was down more than 12 percent but not as positive as the city’s May figure that came in with an increase of more than 15 percent.
Overall, Clarendon is still running behind for the calendar year-to-date with total sales tax revenue at $218,538.68, a decrease of 1.62 percent compared to the same time in 2015.
Howardwick also continues to struggle with sales taxes for the month down 24.27 percent at $879.13 and running behind 4.48 percent for the year-to-date at $7,216.10.
Hedley is up 44.39 percent for the month at $261.46 compared to $181.07 last July, and that city is up 18.13 percent for the year at $4,107.11.
These allocations are based on sales made in May by businesses that report tax monthly.
Across the state, Hegar delivered $624 million in local sales tax allocations for July, 2.3 percent more than in July 2015.
“The cities of Dallas, San Antonio, Austin and Fort Worth saw noticeable increases in sales tax allocations,” Hegar said. “Energy-centric cities such as Houston and Midland continue to see decreases in sales tax allocations.”
Hegar said the state received $2.2 billion in sales tax revenue for the month, down 0.8 percent compared to one year ago.
“Sales tax revenue growth continues to be hobbled by reduced spending in oil- and gas-related sectors,” Hegar said. “Despite the recent increase in oil prices, spending is below even the reduced levels seen a year ago.”
Total sales tax revenue for the three months ending in June 2016 is down 1.9 percent compared to the same period a year ago. Sales tax revenue is the largest source of state funding for the state budget, accounting for 56 percent of all tax collections.
Motor vehicle sales and rental taxes, motor fuel taxes and oil and natural gas production taxes also are large revenue sources for the state.
In June 2016, Texas collected the following revenue from those taxes:
Motor vehicle sales and rental taxes – $421.7 million, down 0.1 percent from June 2015; Motor fuel taxes – $295.1 million, up 7.6 percent from June 2015; and Oil and natural gas production taxes – $205.1 million, down 31.8 percent from June 2015.
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