Dublin sales tax collections were up substantially in October, at 14.30% higher compared to October 2021, according to the state sales tax report released by Texas Comptroller Glenn Hegar this month.
For the month of October 2022, Dublin received $44,912.34 compared to $39,292.16 in October 2021.
Dublin’s Hispanic Heritage Festival sponsored by the Dublin Chamber of Commerce, the downtown Trick or Treating event and the Harry Bradberry Memorial Classic all took place during this time frame and contributed significantly to the sales tax increase.
Texas Comptroller Glenn Hegar recently said state sales tax revenue totaled $3.96 billion in November, the highest monthly collection on record and 11.2 percent more than in November 2021.
The majority of November sales tax revenue is based on sales made in October and remitted to the agency in November.
'With persistently elevated inflation continuing to drive prices — and consequently revenues — higher, November sales tax collections were once again led by growth in non-retail sectors, with mining sector receipts showing the largest percentage increase from a year ago,” Hegar said. “Strong growth in receipts from the construction, manufacturing, wholesale trade and rental and leasing sectors continued in November as well, with each again achieving double digit-percentage gains compared with last year.
“Growth in receipts from the services sector also reached double digits, while those from restaurants grew at about the rate of inflation for food away from home.
“Collections from the retail trade sector grew in November, at about the rate of inflation in consumer goods prices. The fastest growth in collections among retail trade segments continued to be from electronic shopping and automobile and parts dealers, while receipts from electronics and appliance stores and furniture and home furnishing stores declined from a year ago.”
Total sales tax revenue for the three months ending in November 2022 was up 13.3 percent compared with the same period a year ago. Sales tax is the largest source of state funding for the state budget, accounting for 56% of all tax collections.
Texas collected the following revenue from other major taxes: ■ motor vehicle sales and rental taxes — $525 million, up 1% from November 2021;
■ motor fuel taxes — $331 million, down 1% from November 2021;
■ oil production tax — $570 million, up 19% from November 2021;
■ natural gas production tax — $410 million, up 41% from November 2021;
■ hotel occupancy tax — $73 million, up 24% from November 2021; and
■ alcoholic beverage taxes — $151 million, up 8% from November 2021.
City Oct.2022 Oct.2021 Rate Dublin $44,912.34 $39,292.16 14.30% Stephenville $750,511.06 $605,008.64 24.04% DeLeon $41,087.52 $34,406.39 19.41% Comanche $142,747.80 $96,967.35 47.21% Hico $44,419.09 $42,098.67 5.51% Hamilton $66,999.48 $66,115.38 1.33%