Sales tax revenues continue to grow for most OC entities – Orange Leader
Texas Comptroller Glenn Hegar has announced that he will send cities, counties, transit systems and special purpose tax districts $ 907.6 million in local sales tax allowances for June, or 31.5% more than in June 2020.
These allowances are based on sales made in April by businesses that file tax monthly.
The City of Orange will receive just over 3% increase in this payment compared to the same month last year with a payment of $ 545,967. Year-to-Year Payments (YTD) show the city has almost 23% more in sales tax revenue, compared to YTD $ 2,772,727 in 2020 to YTD $ 3,410,299 in 2021. The last year the county was shutting down due to the COVID crisis and this year was starting to open again.
Rose City saw the largest increase in sales tax revenue for this period with $ 14,987 this month and $ 10,166 last year for the same month. Year-to-date payments are down just over 6%, from $ 85,857 cumulative in 2021 to $ 91,696 cumulative in 2020.
Orange County ESD 3 saw the biggest drop at nearly 34% for this payment, down from $ 26,037 in 2020 to $ 17,200 for this payment. However, YTD 2021 payouts remain ahead, reflecting a 14% increase from $ 144,039 YTD in 2021 to $ 126,237 YTD in 2020.
The county saw an increase of almost 7% with this payment to $ 516,065 from $ 482,819 in 2020. Overall, the county received almost 16% more in sales tax revenue by comparing $ 3,315,997 in 2021 to $ 2,865,676 in 2020 YTD, a difference of $ 450,321.