City of Odessa receives another increased sales tax check
Nov 08, 2012 (Odessa American - McClatchy-Tribune Information Services via COMTEX) --
The sales tax check in Odessa increased again in November, as the city extended its streak of year-over-year increases to 31 months.
The Texas comptroller's office release figures that showed Odessa' s check was $3,487,414.81, up 15.45 percent from $3,020,528.29 from last year's payment for the same month.
The sales tax check is reflective of September sales.
Odessa's 2012 payment total to date is $33,133,342.19, up 22.74 percent over the 2011 payment to date amount of $26,993,729.61.
Texas Comptroller Susan Combs stated in a release Wednesday that state sales tax revenue in October was $2.03 billion, up 8.2 percent compared to October 2011.
"The state's growth in sales tax revenue continued to be led by collections from the oil and natural gas-related sectors," Combs stated in the release. "We also saw strong consumer spending drive gains in retail trade and the restaurant sector as well."
The release said Combs will send November local sales tax allocations totaling $611.5 million to cities, counties, transit systems and special purpose taxing districts, up 5.4 percent compared to November 2011.
The sales tax figures given by the comptroller's office represent September sales reported by monthly tax filers and July, August and September sales reported by quarterly filers.
Midland's sales tax revenues increased, from $4,222,796.87 in November 2011 to $4,960,275.17 in November 2012, an increase of 17.46 percent.
The Odessa Development Corporation and the Ector County Hospital District also continued to see increases in tax checks, with the ODC seeing a 15.46 increase at $697,482.96 and the hospital district seeing a 24.55 increase at $3,432,849.50.
The ODC's potion comes directly from the $3,487,414.81 amount, so the city's actual amount is $2,789,931.85.
Many cities in the Permian Basin showed increases in their sales tax checks, although there were several cities that showed a decrease from last year.
Stanton showed the highest gain at 102.94 percent, from $37,747.20 to $76,604.83. Crane showed the biggest decrease, from $78,883.15 to 63,893.41, or a 19 percent change.
For details of November sales tax allocations to individual cities, counties, transit systems and special purpose districts, locate the Monthly Sales Tax Allocation Comparison Summary Reports on the Comptroller's Web site at www.window.state.tx.us/taxinfo/allocsum/compsum.html.
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