03.13.09

Sales tax receipts dropping statewide, down 2.6% from 2008

Posted in Around The State, Cedar Park, Commentary, Georgetown, Hutto, Leander, Liberty Hill, Round Rock, Taxes, Uncategorized, Williamson County at 12:19 pm by wcnews

Via the AAS, Sales tax revenue falls sharply for most Central Texas cities.

Sales tax collections for most Central Texas cities fell in January, with a 23 percent drop in Round Rock and a 13.8 percent decline in Austin, according to a new report from the Texas Comptroller’s Office.

Georgetown had the biggest percentage drop, down 27.3 percent from a year ago.

Of the region’s 10 largest cities, only Cedar Park, Lakeway and Kyle had increases. San Marcos was essentially flat from a year ago.

Here’s the full list from the Comptroller of Cities by County – March 2009.  Of the large counties Harris seems to be faring the best.

Bexar -2.00%
Dallas -2.74%
Harris 7.11%
Tarrant -3.63%
Travis 10.36%

Here’s a link to Top 20 Cities. Definitely the Houston, Southeast Texas, and the Corpus Christi seem to be doing the best. Also West Texas Midland, Amarillo, and Lubbock are on the plus side.

Williamson cities,and county total are listed below:

Bartlett  0.53%
Cedar Park 1.54%
Florence 28.13%
Georgetown -12.11%
Granger -7.51%
Hutto -0.31%
Jarrell -1.99%
Leander 4.76%
Liberty Hill -3.40%
Round Rock -16.87%
Taylor -33.41%
Thrall 11.96%
Weir 20.91%
County Total -13.90%

Without a state income tax in Texas and so much of our state government funded by the sales tax this is going to cause serious problems at the state level too, not just the local level.

Here’s the press release from the Comptrollers web site.

Texas Comptroller Susan Combs today announced state sales tax revenue in February totaled $1.74 billion, down 2.6 percent compared to February 2008.

“State sales tax collections declined in February as important sectors such as retail trade and construction continue to struggle,” Combs said. “While state sales tax revenue has grown 2.8 percent through the first half of fiscal 2009, further declines are expected as the economy continues to weaken.”

Combs delivered $433.4 million in March sales tax payments to Texas cities, counties, transit systems and special purpose taxing districts. Local sales tax allocations are down 0.6 percent compared to March 2008. So far this calendar year, local sales tax allocations remain up 2.2 percent compared to the first three months of 2008.

State sales tax revenue for February and March payments made to local governments represent sales that occurred in January.

Combs sent March sales tax payments of $291.1 million to Texas cities, down 0.7 percent compared to March 2008. Since Jan. 1, city sales tax allocations are 1.5 percent higher than the same period last year. Texas counties received sales tax payments of $27.5 million, up 2.5 percent compared to one year ago. Calendar year-to-date, county sales tax allocations are 7.2 percent higher than last year.

The 150 special purpose taxing districts around the state received $17.3 million in sales tax revenue, up 21.6 percent compared to last March. Ten local transit systems received $97.4 million, down 4.3 percent.

1 Comment »

  1. Eye on Williamson » Dallas Fed says Rougher Ride in 2009 said,

    March 17, 2009 at 6:01 pm

    [...] Austin and Dallas are feeling the most pain. This confirms what we reported last week from the sales tax numbers the Comptroller’s office released last week.  According to the Dallas Fed’s business-cycle indexes for Texas’ major metro areas, the [...]

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