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Home  >  accounting in austin  >  Central Texas cities recieve sales tax gains

Central Texas cities recieve sales tax gains

Posted on Friday, May 14th, 2010 at 6:32 pm.

Some of the big cities in Central Texas will receive an across-the-board increase in all sales tax allocations from the Texas comptroller’s office.

Cities, including Austin, Buda and San Marcos, will receive a double-digit percentage increase. This increase is the first time in a year and half that all cities received an increase. The money from sales in March was distributed to cities this week.

Sale tax makes up about 20 percent of a city’s budget, but funds have recently fallen because of the recession. This month the comptroller handed out $567 million in sales tax which is up 4.7 percent from a year ago.

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