Abilene Sees Another Sales Tax Allocation Increase
By: Bigcountryhomepage.com Staff Reports
Updated: November 9, 2011
Texas Comptroller Susan Combs said today that state sales tax revenue in October was $1.87 billion, up 15.9 percent compared to October 2010.
"Strong growth in business sectors such as the oil and natural gas industry boosted sales tax revenue for yet another month," Combs said. "State sales tax revenue has now increased for 19 consecutive months. Sales tax also grew in the manufacturing industry, as well as consumer sectors such as the restaurant industry and retail trade."
Combs will send November sales tax allocations totaling $580.1 million to cities, counties, transit systems and special purpose taxing districts, up 7.1 percent compared to November 2010.
Abilene has received an increase in sales and use tax allocation of 24.7 percent.
According to the Texas Comptroller's City Sales and Use Tax Comparison Summary Report, Abilene has received a net payment of $3.84 million, an increase of over $700,000 from the same month in 2010.
Abilene has received a total of about $36.07 million this year, representing a positive change of roughly 17.5 percent for 2011 compared to 2010 thus far.
For more information about these numbers, or to see numbers from other areas of the Big Country, click the link below.
Related Links:
"Strong growth in business sectors such as the oil and natural gas industry boosted sales tax revenue for yet another month," Combs said. "State sales tax revenue has now increased for 19 consecutive months. Sales tax also grew in the manufacturing industry, as well as consumer sectors such as the restaurant industry and retail trade."
Combs will send November sales tax allocations totaling $580.1 million to cities, counties, transit systems and special purpose taxing districts, up 7.1 percent compared to November 2010.
Abilene has received an increase in sales and use tax allocation of 24.7 percent.
According to the Texas Comptroller's City Sales and Use Tax Comparison Summary Report, Abilene has received a net payment of $3.84 million, an increase of over $700,000 from the same month in 2010.
Abilene has received a total of about $36.07 million this year, representing a positive change of roughly 17.5 percent for 2011 compared to 2010 thus far.
For more information about these numbers, or to see numbers from other areas of the Big Country, click the link below.
Related Links:
