Shopping at home paid off
during the holidays, according
to the latest sales tax allocations
from the state.
Comptroller Susan Combs reported that Snyder will receive $361,615 in allocations this month. That represents a 22.5 percent increase over 2011's total of $295,144.
The allocations that will be returned this month represent sales made during December, Combs noted.
For the year, the city has received a total of $605,092 which is 21.7 percent more than this time a year ago when $497,355 was returned.
Scurry County will receive allocations totaling $156,711 this month, an 8.5 percent increase compared to 2011 ($144,404). For the year, the county has received a total of $258,754. That is down by nearly 2 percent compared to 2010's two-month total of $263,983.
Combs said state sales tax revenue was $2 billion, up 9.5 percent compared to last year.
"Sales tax revenue continues to grow in almost all major economic categories and revenue has now increased for 22 consecutive months," Combs said. "The recent monthly increase was led by the oil and natural gas-related sectors. Restaurants and services sectors also showed significant gains."
Combs will send local sales tax allocations totaling $708.5 million to cities, counties, transit systems and special purpose taxing districts, up 8.2 percent compared to 2011.
Comptroller Susan Combs reported that Snyder will receive $361,615 in allocations this month. That represents a 22.5 percent increase over 2011's total of $295,144.
The allocations that will be returned this month represent sales made during December, Combs noted.
For the year, the city has received a total of $605,092 which is 21.7 percent more than this time a year ago when $497,355 was returned.
Scurry County will receive allocations totaling $156,711 this month, an 8.5 percent increase compared to 2011 ($144,404). For the year, the county has received a total of $258,754. That is down by nearly 2 percent compared to 2010's two-month total of $263,983.
Combs said state sales tax revenue was $2 billion, up 9.5 percent compared to last year.
"Sales tax revenue continues to grow in almost all major economic categories and revenue has now increased for 22 consecutive months," Combs said. "The recent monthly increase was led by the oil and natural gas-related sectors. Restaurants and services sectors also showed significant gains."
Combs will send local sales tax allocations totaling $708.5 million to cities, counties, transit systems and special purpose taxing districts, up 8.2 percent compared to 2011.
