Dublin sales tax collections were up significantly this month, at 32.61%, in June, compared to June 2021, according to the July state sales tax report released by Texas Comptroller Glenn Hegar this month.
The majority of July sales tax revenue is based on sales made in June and submitted in July.
In June, Dublin saw the opening of several new businesses including Happy Belly Deli, Grafton Market, Austin Street Fabrics, 121 GW Antiques and the new location of Little Authors.
There was also a TV giveway encouraging local shopping in conjunction with the opening of the Shops at Grafton, and the Hearts Home reunion and Irish Stampede, bringing additional people in to town.
On the state level, Hegar reported Texas state sales tax collections totaled $3.88 billion in July, 14.7% more than in July 2021, and the highest monthly collections on record.
“July state sales tax collections showed continued vigorous growth from non-retail sectors,” Hegar said. “The sharpest increase from a year ago was once again in receipts from oil and gas mining, but receipts from the construction, manufacturing and wholesale trade sectors were also up by double digits for the eighth consecutive month.
“Receipts from retail trade and restaurants increased at a moderate pace, with some retail segments showing no growth or declining from a year ago as pent-up demand from the pandemic wanes and consumer spending priorities shift in response to inflation.
“Receipts from auto dealers and parts stores and home improvement stores exhibited doubledigit growth, while receipts from general merchandise and online vendors grew more modestly. Receipts from clothing and apparel stores, home furnishings stores, and sporting goods and hobby stores were flat compared with a year ago, while receipts from electronics and appliance stores declined.”
Total sales tax revenue for the three months ending in July 2022 was up 13.1% compared with the same period a year ago. Sales tax is the largest source of state funding for the state budget, accounting for 59% of all tax collections.
Texas collected the following revenue from other major taxes:
• motor vehicle sales and rental taxes — $605 million, up 5% from July • motor fuel taxes — $324 million, up 3% from July 2021;
• oil production tax — $694 million, the highest monthly collections on record, up 84% from July 2021;
• natural gas production tax — $532 million, the highest monthly collections on record, up 185% from July 2021;
• hotel occupancy tax — $73 million, up 22% from July 2021; and alcoholic beverage taxes — $149 million, up 13% from July 2021.