Monthly City Sales Tax Figures Continue to Rise

TYLER — Information from the Texas Comptroller indicates that City of Tyler sales tax revenues deposited for the month of September have grown 6.35 percent as compared to September 2011, resulting in a 2.37 percent cumulative year-to-date increase. The reported revenue of $2,729,198.31 comprises $1,819,465.54 general sales tax revenue and $909,732.77 half-cent sales tax revenue. The figures represent receipts from July 2012 collections as there is a two-month lag before taxes are reported and remitted back to the City from the State.

“We are pleased with the continued growth of our sales tax revenues,” said City Manager Mark McDaniel. “The six percent growth we saw this month has helped us end this fiscal year on a high note and is a great way to kick off the new budget year.” Although revenue has continued to rise slowly over the last year, collections did not meet the budgeted amount of three percent. Therefore, City employees will not see raises in fiscal year 2011-12. Increases are included in the 2012-13 budget for both sworn and civilian City employees.