Sales tax allocations up this period for both Lufkin and Nac - KTRE.com | Lufkin and Nacogdoches, Texas

Sales tax allocations up this period for both Lufkin and Nacogdoches

AUSTIN, TX - Texas Comptroller Susan Combs announced today that state sales tax revenue in July was $2.05 billion, up 10.1 percent compared to July 2011.

The City of Lufkin received $1.3 million in sales tax revenue this reporting period which is 3.4% higher than the same period last year.  Nacogdoches was allocated $526,000 up 1.6% from same time last year and $3.8 million year to date.  While Lufkin has received $8.8 million in sales tax revenue so far in 2012.

"Business spending in the oil and natural gas industry and other sectors continues to be robust," Combs said. "That spending, along with increases in consumer sectors such as retail trade, continues to boost sales tax collections. State sales tax revenue has now increased for 28 consecutive months."
 
Combs will send August local sales tax allocations totaling $632.1 million to cities, counties, transit systems and special purpose taxing districts. August sales tax allocations are up 4.2 percent compared to August 2011.

LOCAL SALES TAX ALLOCATIONS (August 2012) 

Recipient

August 2012
Allocations

Change from
August 2011

Year-to-date
Change

Cities   

$418.0M

↑2.7%

↑7.6%

Counties

$40.6M

↑7.8%

↑13.7%

Transit Systems

$142.3M

↑5.4%

↑9.3%

Special Purpose Taxing Districts

$31.2M

↑14.8%

↑22.6%

Total

$632.1M

↑4.2%

↑9.0%

The sales tax figures represent monthly sales made in June as well as April, May and June sales by businesses that report tax quarterly.

For details of local sales tax allocations in August to individual cities, counties, transit systems and special purpose districts, locate the Monthly Sales Tax Allocation Comparison Summary Reports on the Comptroller's Web site at www.window.state.tx.us/taxinfo/allocsum/compsum.html. 

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