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.
Magnolia officials told Community Impact Newspaper the discrepancy arose from an overpayment of allocations in early 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.
