Katy slips while other area cities see tax allocations continue strong growth
If the latest figures from the Texas Comptroller’s Office indicate anything, they show area cities are doing pretty well as far as tax receipts go.
Texas Comptroller Glenn Hegar announced last week that his office will “send cities, counties, transit systems and special purpose taxing districts $735.9 million in local sales tax allocations for November, 5.4 percent more than in November 2017. These allocations are based on sales made in September by businesses that report tax monthly, and sales made in July, August and September by quarterly filers.”
Hegar also said state sales tax revenue totaled $2.6 billion in October, 7.3 percent more than in October 2017.
“Growth in state sales tax revenue continues to be strong, while moderating from the double-digit pace of recent months,” Hegar said. “The rate of growth in sales tax collections continues to be highest from oil- and gas-related sectors.”
Total sales tax revenue for the three months ending in October 2018 was up 12.6 percent compared to the same period a year ago. The sales tax is the largest source of state funding for the state budget, accounting for 57 percent of all tax collections.
Katy is set to receive $1,000,905.92, down 3.21 percent from the same period last year. However, for the year Katy’s payments from the state total $11,591,322.62, up 9.01 percent over last year.
Across the region, cities saw year-over-year increases in tax receipts.
Houston, by far, is the biggest city in the state when it comes to payments from the state. The Comptroller’s Office is sending a payment of more than $59.7 million, up more than 3.19 percent from a year ago. For the year, Houston has received more than $630.6 million, up 8.26 over a year ago.
Brookshire in Waller County is set to receive a payment of $142,602.55, down 8.56 percent from a year ago. However, Brookshire’s payments for the year of $1,562,658.66 are up 24.11 percent.
Other area Harris County cities receiving payments include:
Bunker Hill Village — $13,422, up 13.88 percent.
Hedwig Village — $173,197, down 9.51 percent.
Hilshire Village — $4,401, down 1.42 percent.
Hunters Creek Village — $42,698, up 2.81 percent.
Piney Point Village — $19,667, up 46.91 percent.
Spring Valley Village — $117,853, up 2.77 percent.
Meanwhile in Fort Bend County, Sugar Land is continuing a strong year in sales receipts with a payment of more than $4.95 million for the month, up 14.51 percent over a year ago. It’s distribution ranks the city at 20 in the top 20 cities in the state for tax disbursements from the Comptroller’s Office.
Overall, Sugar Land has received $48.9 million from the state, an increase of 10.73 percent over last year’s figures. Among the top 20 cities in Texas, only Odessa (up 40.91 percent), Round Rock (up 15.47 percent) and Midland (up 12.84 percent) are seeing bigger increases year over year.
Other Fort Bend County cities include:
Fulshear — $435,473, up 34.72 percent.
Missouri City — $941,951, up 12.98 percent.
Stafford — $1,541,418, up 2.43 percent.
Richmond — $526,021, down 5.54 percent.
Rosenberg — $1,772,853, down 1.54 percent.