(KYTX) - Information from the Texas Comptroller indicates that City of Tyler sales tax revenues deposited for the month of December have grown 10.64 percent as compared to December 2011, resulting in a cumulative year-do-date increase of 3.16 percent.
The reported revenue of $2,804,271 is comprised of $1,869,514 general sales tax revenue and $934,757 half-cent sales tax revenue. The figures represent receipts from October 2012 collections as there is a two-month lag before taxes are reported and remitted back to the City from the State.
"We are pleased to see an uptick in our sales tax revenue and hope that a positive trend from month to month will develop over the next several months," said City Manager Mark McDaniel. "The three percent cumulative growth is just above what we were projecting, so we are on the right trajectory compared to budget."