The Herald Banner, Greenville, TX

Local News

March 7, 2013

Sales tax rebate revenue still climbing

— Local merchants started 2013 by continuing to do brisk business, setting another new monthly record for sales tax rebate revenue.

The City of Greenville’s year-to-date sales tax revenue also hit a new benchmark, according to a report released Wednesday by the Texas Comptroller’s office.

The City of Greenville is to receive a sales tax payment of $424,518.29 this month, representing an increase of 3.39 percent from the $410,573.93 collected during March 2012.

The city received $400,821.35 in sales tax rebate revenue in March 2011 and set the previous record for the month of March in 2010, when the city received $415,625.04.

The figures released Wednesday reflect the portion of sales taxes collected at Greenville businesses in January, which were reported to the comptroller’s office in February.

So far this fiscal year, Greenville has received $1,575,013.68, representing an increase of 12.59 percent from the $1,399,596.88 collected through the same point in 2012 and also above the $1,399,297.46 collected through March 2011.

The previous record for sales tax rebate revenue collections, through March, was the $1,503,336.09 collected through March 2010.

Sales taxes are one of the two main sources of revenue, along with property taxes, which feed the city’s general fund.

A rededication of a percentage of the sales tax revenue goes toward the 4A economic development corporation.

1
Text Only
Local News
Featured Ads
Photos


See more photos and purchase prints here.

Poll

Does Dallas head coach Jason Garrett need for the Cowboys to make the playoffs during the 2014 football season to keep his job?

Yes
No
Who knows with Jerry Jones as owner?
     View Results
Facebook
AP Video
Raw: Air Algerie Flight 5017 Wreckage Virginia Governor Tours Tornado Aftermath Judge Faces Heat Over Offer to Help Migrant Kids Kerry: No Deal Yet on 7-Day Gaza Truce Kangaroo Goes Missing in Oklahoma More M17 Bodies Return, Sanctions on Russia Grow Gaza Residents Mourn Dead Amid Airstrikes Raw: Deadly Tornado Hits Virginia Campground Ohio State Marching Band Chief Fired After Probe Raw: Big Rig Stuck in Illinois Swamp Cumberbatch Brings 'Penguins' to Comic-Con Raw: Air Algerie Crash Site in Mali Power to Be Restored After Wash. Wildfire Crashed Air Algerie Plane Found in Mali Israel Mulls Ceasefire Amid Gaza Offensive In Case of Fire, Oxygen Masks for Pets Mobile App Gives Tour of Battle of Atlanta Sites
Must Read
Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide
Reader's Choice