One final holiday gift will reach municipalities Feb. 10 when the office of Texas Comptroller Susan Combs distributes sales tax revenues to area cities, counties, transit systems and special purpose districts.
Combs announced today that her office will distribute $708.5 million, an 8.2 percent increase over the amount distributed in February 2011 payments.
Sales tax disbursements reflect sales made two months prior, so these funds represent sales made during the holiday season.
"Sales tax revenue continues to grow in almost all major economic categories, and revenue has now increased for 22 consecutive months," Combs said in a news release.
Of the 10 cities in Hays County, San Marcos, Kyle and Buda will receive the largest payments.
San Marcos will get a check for $2,498,940.11, an increase of 5.6 percent over the funds received in February 2011.
According to San Marcos, sales tax collections account for about 45.7 percent of all General Fund revenue for the city.
Kyle will receive $393,544.04, a 4.2 percent increase over February 2011.
Buda will receive the third-most funds from the comptroller—$382,512.55, a 4.3 percent increase over the city's February 2011 payment.
The city set a record in 2011 for sales tax receipts collected in one year, topping out at more than $3.5 million.
Overall, Hays County will receive $3,474,819.84 from the comptroller, a 5 percent increase over the amount received in February 2011.
For complete details, visit www.window.state.tx.us/taxinfo/allocsum/compsum.html.