Sales Tax Revenue Rising In Killeen, Cities In The Area | Local News
Killeen is expected to receive $ 2.94 million in sales tax revenue this month, a 12.12% increase from the $ 2.62 million allocation distributed in August 2020, according to the comptroller’s office. . This is an increase of approximately $ 320,000 in the city’s coffers compared to the same month last year.
Killeen and all the other counties and towns in the region will receive more stipends in August than a year ago. The allowances are derived from sales taxes collected in June, according to the comptroller’s office.
Killeen and most other local towns have seen an increase in sales tax allocations since the pandemic hit the region more than a year ago.
In March 2020, many businesses in the state had to close due to the coronavirus pandemic.
So far this year, Killeen has received a total of $ 20.88 million, which is 19.53% more than what he received in the first eight months of 2020.
For the first eight months of 2020, Killeen received $ 17.47 million, which means Killeen received about $ 3.41 million more than during the same period last year.
Sales tax revenue goes into the municipality’s general fund.
For the full year of 2020, Killeen’s sales tax revenue was $ 26.7 million, up 7.66% from allocations in 2019, when the city received $ 24.8 million. dollars, according to the comptroller’s report in December. This means that Killeen made about $ 1.9 million more from sales tax revenue in 2020 than in 2019.
From August 2020 to August 2021, Killeen received $ 32.81 million. From August 2019 to August 2020, Killeen received over $ 27.95 million.
This indicates that over the past 13 months, Killeen received approximately $ 4.86 million more than in the same 13-month period the previous year.
The state has seen a continuous increase in sales tax revenue since January 1.
Texas cities, counties, transit systems and special-purpose tax districts statewide will receive $ 1.07 billion in sales tax allowances in August, according to a press release from the Comptroller of the State. Texas Glenn Hegar.
Statewide, total allocations represent a 17.4% increase over allocations distributed in August 2020, or roughly $ 161 million, with special use tax districts registering the largest increase of 26. 1% compared to last year.
Other sales tax revenues in the region are as follows:
The county will receive $ 2.68 million in sales tax allowances in August, a 17.79% increase from the same period last year.
Harker Heights will receive $ 1.02 million, a 29.64% increase from August 2020.
Nolanville saw a sharp increase in sales tax percentage of 72.78% from last August, as it is expected to receive $ 204,661.62 in August.
Temple is expected to receive $ 2.8 million, an increase of 13.24% from last August.
Belton will receive $ 745,425.52, an increase of 22.85% over the same period last year.
Coryell County will receive $ 311,582.98 for a 13.52% increase over allocations last August.
Copperas Cove saw a 4.44% increase in August allocations over last year; he is expected to receive $ 615,069.20.
Gatesville recorded a 23.96% increase in sales tax allowances, receiving $ 264,707.91 in August.
Oglesby, a town of about 500 people in northeast Coryell County, will see an increase of 32.71%. He received $ 2,207.31 in August.
Lampasas County will receive $ 116,256.70, which is an increase of 18.79% from the allocation last August.
The city of Lampasas will receive $ 237,474.51 in August, 16.59% more than last August.
Kempner will see an increase of 7.72% compared to last August. He is expected to receive $ 12,252.67.