Huntsville Continues to See Tax Revenue Rise | Local News
With the lifting of capacity restrictions in the event of a pandemic and continued demand for services related to winter storm repairs, Huntsville’s sales tax revenue increased by more than $ 47,000 from sales made in May by compared to the previous year.
Huntsville saw an increase of about $ 797,865 or 6.3% in sales taxes received this month from May sales compared to the same month last year.
Year-over-year increases for most tax revenue this month and over the next few months are likely to continue to increase for government entities, as revenue collection from a year ago has had taking place amid the COVID-19 pandemic. However, Huntsville was one of the few municipalities to see a steady upward trend in sales tax collections during the pandemic.
To date, the City of Huntsville has collected approximately $ 6.1 million in sales tax allowances, an increase of 13.4%.
New Waverly’s allocations have fallen 25.34% to date, with a total allocation of $ 38,721 coming from May sales, while Riverside has increased 28.36% throughout 2021.
Walker County will receive $ 349,935 this month, an 8.48% increase from the previous year. To date, the county has received approximately $ 2.54 million. Walker County ESD # 1 has grossed $ 172,671 so far in 2021, while ESD # 2 has received $ 797,780.
The Texas Comptroller’s Office will send cities, counties, transit systems and special-purpose tax districts $ 893.2 million in local sales tax allowances for July, 20% more than there was. is one year old.