Dublin sales tax collections were up again in January, at 8.18% higher compared to January 2022, according to the state sales tax report released by Texas Comptroller Glenn Hegar this month.
For the month of January 2023, Dublin received $49,509.62, compared to $45,764 in January 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.)
Texas Comptroller Glenn Hegar recently said state sales tax revenue totaled $3.68 billion in February, 14.2% more than in February 2022. The majority of February sales tax revenue is based on sales made in January and remitted to the agency in February.
“Propelled by continued strong business spending and a surprising post-holiday surge in consumer spending, growth in February sales tax receipts significantly outpaced inflation, which is still hovering over 6%,” Hegar said. “Robust increases in receipts from all major sectors suggest economic activity in the state is not yet slowing significantly despite high interest rates and fears of recession.
“As has been the case in recent months, receipts from sectors driven primarily by business spending showed the greatest rates of growth, with receipts from the oil and gas mining, manufacturing and construction sectors coming in strongly above February 2022 totals.
“Remittances from the retail trade sector – the sector responsible for the largest portion of state sales tax – grew much faster than the rate of inflation for consumer goods. The retail segments with the fastest growth in tax receipts were general merchandise and clothing stores.
“Receipts from the services sector were up double digits, led by receipts for live entertainment venues. Receipts from restaurants were also up double digits compared with February of last year, significantly outpacing the rate of inflation for food away from home.”
City Jan2023 Jan.2022 Rate Dublin $49,509.62 $45,764.00 8.18% Stephenville $722,099.59 $651,348.34 10.86% DeLeon $39,239.81 $33,460.71 17.27% Comanche $99,154.58 $85,381.12 16.13% Hico $38,300.99 $43,371.83 -11.69% Hamilton $71,142.39 $58,656.34 21.28%