The Texas Comptroller’s Office announced over $1.1 billion in November statewide sales tax allocations as state businesses continue to recover from the pandemic.
Montgomery County municipalities reflected that trend, with Conroe receiving over $6 million and Magnolia seeing payments level off after an accounting error in the previous fiscal year. Allocations come from sales businesses made in September.
In year-to-date figures, Conroe received over $46 million in sales tax revenue allocations, a 16.59% increase from 2020, according to state data. Its November allocation is a 15.24% increase from the previous November, when the city received over $5.3 million.
In October, Magnolia’s payment of $433,591.74 was a 92.88% increase from October 2020—the steepest percentage increase among Montgomery County municipalities. In November, the city received $463,685.47, which is a 22.68% increase from November 2020.
The two special purpose districts that make up The Woodlands saw increases, with The Woodlands Township Economic Development Zone district receiving a 49.35% increase from its November 2020 allocation, resulting in a $2.8 million payout.
