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

Who should the Houston Texans take with the first pick of the 2014 National Football League draft?

Texas A&M QB Johnny Manziel
South Carolina DE Jadeveon Clowney
Central Florida QB Blake Bortles
Auburn OT Greg Robinson
Buffalo OLB Khalil Mack
Clemson WR Sammy Watkins
Texas A&M WR Mike Evans
     View Results
Facebook
AP Video
Bon Jovi Helps Open Low-income Housing in Philly Pipeline Opponents Protest on National Mall Hagel Gets Preview of New High-tech Projects S.C. Man Apologizes for Naked Walk in Wal-Mart New Country Music Hall of Fame Inductees Named 'Piles' of Bodies in South Sudan Slaughter New Yorkers Celebrate Cherry Blossom Blooms SCOTUS Hears Tv-over-Internet Case Justice Dept. Broadening Criteria for Clemency Chief Mate: Crew Told to Escape After Passengers 'Miss Meadows' Takes Holmes Back to Her Roots Biden: Russia Must Stop Talking, Start Acting David Moyes Out As Manchester United Manager Raw: Leopard Bites Man in India Iowa College Finds Beauty in Bulldogs High Court to Hear Dispute of TV Over Internet Stowaway Teen Forces Review of Airport Security
Must Read
Hyperlocal Search
Premier Guide
Find a business

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