Sunday, December 4, 2011

State stales-tax collections, rebates down - San Antonio Business Journal:

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percent decrease from the same month last It alsodistributed $441 million in rebates to local governments this month. Texas Comptroller Susan Comba says the totalrebate figure, or salesd tax allocation, was down 3.9 percent comparec to last June. “Weakness throughout most sectors of the economy resultedr in a significant decrease in May salextax collections,” Combs says. “While year-to-date sales tax revenud is up 0.5 percent for statr fiscal 2009, further declines are expected this The City of San Antonik received a tax rebateof $16.3 million this a 0.75 percent drop from last year’s number. Bexafr County’s rebate for June was 18.3 a decline of 0.
19 percent compared with June 2008. And San Antonio’s system received a rebate of $7.3 a 0.55 percent decline from last June’s June’s sales tax allocations are based on sales that occurredfin April. Overall, Texas citiee received $297 million in salexs tax rebatesthis month, a 3 percent decrease compared to June 2008. Rebatexs to Texas counties were $26.4 million, down 6.9 percent compared to June of last The 150 special purpose taxing districts around the state received a totalpof $17.1 million in rebates in June. This was a 0.9 percengt decline compared withJune 2008.
In addition, the state’as 10 local transit systems, among which is VIA, receiver a total of $100.4 million in sales tax allocationsin June, down 6 percent comparedf to the same month last

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