Dublin sales tax collections were up in May at 8.89%, compared to May 2023, according to the state sales tax report released by Texas Comptroller Glenn Hegar.
For the month of May, Dublin received $46,850.97, compared to $42,989.18 in May 2023.
(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.)
Texas Comptroller Glenn Hegar recently said state sales tax revenue totaled $3.94 billion in June, 0.4 percent more than in June 2023. The majority of June sales tax revenue is based on sales made in May and remitted to the agency in June.
“Monthly state sales tax collections were essentially flat compared to collections in June 2023, following the strong gains seen in May,” Hegar said. “The overall trends we have seen through the first three quarters of fiscal 2024 were evident again in June.
“Sales tax remittances from the major sectors driven primarily by business spending were generally down, except for modest growth in receipts from the construction sector.
“Receipts from consumer spending-driven sectors were up slightly overall compared with a year ago, with growth in receipts from both retail trade and the services sectors. Within the retail trade sector, remittances from general merchandise stores led the way.”
Total sales tax revenue for the three months ending in June 2024 was up 0.5 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.
Texas collected the following revenue from other major taxes: motor vehicle sales and rental taxes — $560 million, down 6 percent from June 2023; hotel occupancy tax — $71 million, up less than 1 percent from June 2023.
City May2024 May2023 Rate Dublin $46,850.97 $42,989.18 8.89% Stephenville $766,477.39 $766,973.41 -0.06% DeLeon $37,973.48 $41,334.88 -8.13% Comanche $110,434.80 $95,126.06 16.09 Hico $48,847.49 $42,006.51 16.28% Hamilton $54,690.29 $81,040.96 -32.51%