City March2024 March2023 Rate Dublin $57,682.89 $61,008.94 -5.45% Stephenville $835,544.80 $836,844.14 -0.15% DeLeon $41,023.61 $45,687.09 -10.20% Comanche $141,471.48 $116,390.57 21.54% Hico $59,582.52 $51,258.05 16.24% Hamilton $86,874.96 $88,462.09 -1.79% Dublin sales tax collections were slightly down in March at -5.45%, compared to March 2023, according to the state sales tax report released by Texas Comptroller Glenn Hegar.
For the month of March, Dublin received $57, 682.89, compared to $61,008.94 in March 2023.
This period reflects the originally scheduled St. Patrick’s Day celebration which faced last minute changes due to weather. Several downtown events, including those organized by Things Celtic, were moved indoors to Backwoods while the Chamber of Commerce postponed celebrations to the weekend in April coinciding with the eclipse/opening of youth baseball and softball.
(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 $3.96 billion in April, 3.2 percent less than in April 2023. The majority of April sales tax revenue is based on sales made in March and remitted to the agency in April.
“Monthly state sales tax collections fell compared with a year ago, reflecting a slowdown in spending even while employment and income continue to grow,” Hegar said. “A continuing downtrend in remittances from business-related sectors and a drop in receipts from the retail trade sector accounted for the decline. This trend in overall tax collections has been expected for some time now.
“Remittances from the major sectors driven by business spending were all down last month compared with a year ago, as has been the trend this fiscal year. Meanwhile, receipts from the consumer-driven retail trade sector also came in below April 2023 totals, with receipts from most retail subsectors down. Receipts from online merchants, however, increased compared with a year ago, just slightly ahead of the rate of general inflation.
“Receipts from restaurants grew moderately, though at less than the inflation rate for food away from home.”
Total sales tax revenue for the three months ending in April 2024 was up 0.7 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: hotel occupancy tax — $83 million, down less than 1 percent from April 2023