City Oct.2023 Oct.2022 Rate Dublin $55,107.05 $44,912.34 20.39% Stephenville $742,460.99 $750,511.06 -1.08% DeLeon $34,736.49 $41,087.52 -16.75% Comanche $127,078.69 $142,747,80 -11.61% Hico $47,001.84 $44,419.09 5.65% Hamilton $70,635.91 $66,999.48 5.28% Dublin sales tax collections were up significantly in October, at 20.39 percent, compared to October 2022, according to the state sales tax report released by Texas Comptroller Glenn Hegar.
For the month of October 2023, Dublin received $55,107.05, compared to $44,912.34 in October 2022.
(Sales tax reports generally reflect sales from two months prior as the local sales are reported to the state which processes them and disburses sales tax back to the local entities.)
Hegar also said state sales tax revenue totaled Texas Comptroller Glenn Hegar today said state sales tax revenue totaled $4.1 billion in November, 3.7 percent more than in November 2022. The majority of November sales tax revenue is based on sales made in October and remitted to the agency in November.
“State sales tax revenue growth resumed in November, after slightly declining on an annual basis the previous month,” Hegar said. “Remittances from sectors driven by business spending were mixed — receipts from the mining and construction sectors rose significantly from year ago levels, while receipts from the manufacturing sector declined slightly. Receipts from the wholesale trade sector dropped significantly — the seventh decline from prior year levels in the last eight months.
“Remittances from the retail trade sector were again down overall, with the largest declines from home improvement centers and furniture and home goods stores. Receipts from big box general merchandisers, as well as mall-based department and specialty stores, were down from year ago levels for a second consecutive month. But receipts from online merchants in-creased, as internet shopping continues to gain market share from physical stores.
“Service sector receipts increased significantly, propelled by spending for concerts, sporting events and fitness clubs. Receipts from restaurants were up just slightly from a year ago, at less than the rate of inflation for food away from home.”
Total sales tax revenue for the three months ending in November 2023 was up 2.1 percent compared with the same period a year ago. Sales tax is the largest source of state funding for the state budget, accounting for 57 percent of all tax collections.
—Citizen staff report