Lexington’s March sales tax rebate shows increase
The City of Lexington will get a check for $14,013.82 for its share of sales taxes collected in January and reported in February. This is according to information released by the state comptroller’s office last week.
The rebate is up nearly $1,500 over last years’ collections and up more than $2,600 from collections in 2011.
In all, Lexington has collected $47,428 for the year, up nearly $3,000 from year to date collections recorded for the first quarter of 2012.
According to the report, the other governments in Lee County didn’t fare quite so well in March. Giddings’ $130,131.92 is more than $26,000 short of the 2012 figure, and Lee County’s $87,279.64 is better than $8,000 off the 2012 mark.
In fact, the total allocation for all county governments is nearly $25,000 short of the March 2012 rebate. Still, all local entities are showing an increase for total receipts from the first quarter of 2013.
Texas Comptroller Susan Combs said last week that state sales tax revenue reported in February was $2.08 billion, up 3.7 percent compared to February 2012.
“Sales tax revenues continue to grow, but at a more moderate pace compared to recent months,” she said. “The latest increase was led by receipts from the construction and restaurant sectors. Collections from other major sectors such as oil and natural gas-related businesses and manufacturing remain at high levels.”
Combs will send cities, counties, transit systems and special purpose taxing districts their March local sales tax allocations totaling $531.3 million, up 12.2 percent compared to March 2012.
The sales tax figures represent January sales reported by monthly tax filers, as well as sales by businesses that report tax on a quarterly or annual basis.
For details of March sales tax allocations 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.