directory
Eagle Ford, back-to-school shopping boost enormous sales tax rebates
by Gary Kent
Sep 20, 2012 | 1789 views | 0 0 comments | 6 6 recommendations | email to a friend | print
BEEVILLE — “All you can say is Eagle Ford Shale,” Bee County Judge David Silva responded when told that the county’s sales tax rebate from the State Comptroller’s Office would reflect an increase of 162.82 percent.

The payment, reported to be $264,885.23, more than doubled the $100,782.91 the county received in sales tax rebates in September 2011.

“I’m hoping it continues,” the judge said. The county has projected sizable sales tax rebate payments going well into next year.

“I think we’re on solid ground because of what we’ve seen in the past eight or nine months,” Silva commented.

So far, the county has received $1,858,598.93 in rebates from its half-cent sales tax. That is 80.47 percent more than the $1,029,812.27 the county had received by this time in 2011.

Silva said the payment was not the largest it has received so far this year. One payment topped $300,000. But the percentage of the increase, compared to the rebate received last September, was the largest so far.

The city’s rebates also have increased this year by 28.65 percent.

Since January, the city has collected $3,163,731.46. That is up by 28.65 percent when compared to the $2,459,020.56 Beeville had received by last September.

The monthly rebate for the city was $335,208.25, showing an increase of 29.01 percent compared to last September’s $259,827.18 payment.

Silva said the entire county has been blessed by the increase in sales tax rebates this year. Although he credits Eagle Ford activity with most of the increase, he said back-to-school spending probably helped boost this month’s rebate.

Texas Comptroller Susan Combs announced that statewide sales tax revenue in August was $2.34 billion, up 18.5 percent compared to August 2011.

“The strong business and consumer spending trend boosted the monthly sales tax revenue, as did money remitted at the close of the state’s tax amnesty which ended in August,” Combs said.

“The state’s sales tax revenue for fiscal 2012 was $24.1 billion, about 12.6 percent higher than the previous fiscal year. Collections from business sectors such as the oil and natural gas industry and consumer sectors including retail trade increased sales tax revenue for the fiscal year.”

Combs will send July local sales tax allocations totaling $559.2 million to cities, counties, transit systems and special purpose taxing districts. September sales tax allocations are up 15.5 percent compared to September 2011.

Gary Kent is a reporter at the Bee-Picayune and can be reached at 358-2550, ext. 120, or at reporter@mySouTex.com.
Comments
(0)
Comments-icon Post a Comment
No Comments Yet