While the city of Conroe will collect slightly less sales tax revenue in May compared to May 2019, Montgomery and Willis will collect more. The sales tax revenue cities will collect in May is based on sales that occurred in the cities in March.
The city of Conroe will collect $4.4 million in sales tax revenue in May, a 2.9% drop compared to what the city collected in May 2019, which was about $4.6 million, according to the Texas comptroller.
For fiscal year 2019-20, which began in October, for the city of Conroe budgeted for $35.04 million in projected sales tax revenue, but city officials are estimating that the actual total would be $34.73 million.
In an April 23 City Council meeting, Conroe Assistant Director of Finance Collin Boothe said better-than-expected sales tax revenue for the first half of FY 2019-20 has cushioned most of the blow coronavirus could have on year-end numbers.
So far, the city has collected about $21 million, according to data from the Texas comptroller. This is a 3.8% growth from last year in the same time frame.
“Where it’s really going to hurt us is we start talking about next year’s budget is looking at next year’s sales tax number,” Boothe said.
For FY 2020-21, the city could see a loss of $1.5 million, Boothe said.
Meanwhile, the city of Montgomery will collect about $315,100 in sales tax revenue in May, which is an 11.32% increase from May 2019. According to the comptroller, Montgomery has collected about $846,429 this fiscal year to date, compared to $1.03 million in the same time period last year, which is a 17.95% decrease.
The city of Willis will collect 7.8% more in May than it did in May 2019—$358,939 compared to $332,954, according to the Texas comptroller. In this fiscal year to date, it has collected $1.42 million compared to last year’s $1.17 million in the same time frame.
