Dumas, Sunray see sales tax increases
By Michael Wright, Editor
Feb 17, 2014, 08:58
Sales tax allocations recently announced by Texas Comptroller Susan Combs indicate an increase for two Moore County communities — Dumas and Sunray — while Cactus lost only $60 off of last year's total for this same reporting period. The increase in sales tax allocations for Moore County as a whole are up 15.83 percent this reporting period, indicating more local sales compared to this same time a year ago.
State-wide allocations are also up compared to February 2013. The comptroller reports an increase of 8.2 percent state-wide. In all, there was $2.3 billion in sales tax revenue collected by the state in January of 2014, up 8.3 percent compared to January 2013. This resulted in sales tax allocation payments totaling $802.1 million.
“Increases were seen across all major sectors of the Texas economy,” Combs said. “This indicates continued expansion in both consumer and business spending, and brings the growth in fiscal year-to-date collections to 4.6 percent compared with the previous year. Sales tax revenue has increased for 46 consecutive months.”
Read more about local sales tax allocations in the Feb. 16 print edition.