Monthly city sales tax figures jump - KYTX CBS 19 Tyler Longview News Weather Sports

Monthly city sales tax figures jump

Posted: Updated:

(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." 

Powered by WorldNow

2211 ESE Loop 323
Tyler, TX 75701
Phone (903) 581-2211
Fax (903) 581-5769

Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and KYTX. All Rights Reserved. Users of this site agree to the Terms of Service, Privacy Notice/Your California Privacy Rights, and Ad Choices.