Monthly Tyler sales tax figures grow five percent - KYTX CBS 19 Tyler Longview News Weather Sports

Monthly Tyler sales tax figures grow five percent

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City of Tyler:

TYLER (KYTX) - Information from the Texas Comptroller indicates that City of Tyler sales tax revenues deposited for the month of May have grown 5.84 percent as compared to May 2012, resulting in a cumulative fiscal year-to-date increase of 3.39 percent. 

The reported revenue of $3,474,349 is comprised of $2,316,233 general sales tax revenue and $1,158,116 half-cent sales tax revenue. The figures represent receipts from March 2013 collections as there is a two-month lag before taxes are reported and remitted back to the City from the State. 

"It is nice to see this kind of an increase after disappointing collections in April," said City Manager Mark McDaniel. "We are pleased that the three percent cumulative growth is on target with what was projected during our last budget process."

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