Local sales tax allocations are up

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Sales tax allocations for November from the Comptroller of Public Accounts office for both Snyder and Scurry County increased compared to the October allocations, but are down compared to last November.
Figures released by Comptroller Glenn Hegar show that the year-to-date totals are still behind the 2014 total through 11 months.
Snyder is scheduled to receive $291,423 from the state this month, which is 28.6 percent less than the November 2014 total of $408,188. However, the total is $50,055 more than the October allocation total of $241,368.
Snyder has seen its allocations increase over the past two months, but this is the sixth time in 2015 that it has been under $300,000.
For the year, Snyder has received $3.26 million, down 18.65 percent compared to the 2014 total of $4 million.
Scurry County is scheduled to receive $188,001, down nearly 16 percent compared to the November 2014 total of $223,253. The county also saw a gain in allocations compared to October’s total of $168,372.
For the year, the county has received more than $1.76 million from the state, a 28.4 percent decrease compared to the 2014 total of $2.47 million.
Hegar said cities, counties, transit systems and special purpose taxing districts will receive $731.7 million in local sales tax allocations for November, 1.2 percent more than November 2014. The allocations are based on sales made in September by businesses that report taxes monthly, and sales made in July, August and September by businesses that report quarterly.
“October state sales tax revenue was depressed, as expected, by declines in spending in oil and natural gas-related sectors,” Hegar said. “Other major sectors of the Texas economy, including construction, information, and services, continued to show growth in tax remittances.”