According to figures released by Texas Comptroller Glenn Hegar, retail sales in Snyder continued to slide in December — bringing an end to a slower Christmas season of retail sales than Snyder enjoyed in 2018.
The City of Snyder will receive $287,610 in sales tax revenue this month, a decrease of 2.76 percent compared to last February, when the city received $295,782 from the state.
Year-to-date the city has received $511,124 back from the state, compared to $566,887 over the first two months of 2019. That represents a 9.83 percent decrease.
Scurry County will receive $231,219 in sales tax revenue this month, a 16.46 percent increase over last February, when the county received $198,537 back from the state.
Year-to-date the county has received $417,367 back from the state, a 10.3 percent increase over the first two months’ allocations of $378,382 last year.
Many other cities in the region received higher allocations in February, indicating retail sales were higher.
Texas Comptroller Glenn Hegar announced today he will send cities, counties, transit systems and special purpose taxing districts $1.04 billion in local sales tax allocations for February, 9.4 percent more than in February 2019.
These allocations are based on sales made in December by businesses that report tax monthly; October, November and December sales by quarterly filers; and 2019 sales by businesses that report tax annually.
Christmas shopping that typically occurs in November was shifted into December due to the relatively late date of Thanksgiving 2019, helping make this month’s allocations substantially higher than in previous months, a trend that is not expected to continue, the comptroller’s office stated in its monthly press release.
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