Texas Comptroller Susan Combs released sales tax allocation numbers for October which showed another increase in sales tax revenue for the city of Brownwood and a big jump for Early this month.
Brownwood’s sales tax allocations for the month are up 6.54% over October of last year. The city is continuing to have positive gains with a 5.82% increase year-to-date.
The City of Early showed a big jump in their October sale tax allocations with an increase of 14.89% compared to the same month last year. Sales tax collections for Early have dropped however 2.73% so far this year compared to last. Sales tax revenue has been down for Early for the last five months, breaking this trend in a big way this month.
Statewide, Combs will send sales tax allocations totaling $505.2 million to cities, counties, transit systems and special purpose taxing districts, up 13.9 percent compared to October 2010.
“Texas sales tax collections have now increased for 18 straight months,” Combs said. “All sectors showed increases in September, led by business spending, especially in the oil and gas-related sectors. Consumer sectors like restaurants and retail trade were also up. The recovery in Texas has brought sales tax collections almost back to peak 2008 levels, however the near-term outlook remains clouded due to the uneven performance of the U.S. economy.”
The sales tax figures represent sales that occurred in August.
See full numbers below for October allocations for Brownwood, Early, Bangs, and Blanket.
| City | Net Payment This Period |
Comparable Payment Prior Year |
% Change | 2011 Payments To Date |
2010 Payments To Date |
% Change |
|---|---|---|---|---|---|---|
| Bangs | 7,891.45 | 8,261.85 | -4.48% | 96,556.15 | 93,453.45 | 3.32% |
| Blanket | 1,632.44 | 1,002.40 | 62.85% | 14,560.93 | 11,295.57 | 28.90% |
| Brownwood | 458,747.46 | 430,563.99 | 6.54% | 4,757,029.00 | 4,495,032.42 | 5.82% |
| Early | 76,316.90 | 66,423.76 | 14.89% | 837,504.42 | 861,058.47 | -2.73% |
