Sugar Land’s December sales tax revenue allocation was down 2.5 percent over last year, the Texas comptroller reported on Dec. 12.
The office will send $4.25 million to Sugar Land, compared with $4.36 million sent at the same time last year.
To date the city has received $53.2 million in sales tax revenue, up 9.54 percent from the $48.5 million that had been handed out at the same point in 2017.
Meanwhile Missouri City will be receiving $813,762.26, a 12.94 percent increase from November 2017. So far in 2018 the city has received $9.8 million, an increase in 14.42 percent from the same year-to-date period last year.
Texas Comptroller Glenn Hegar will send $761 million in sales tax allocations to cities, counties, transit systems and special-purpose taxing districts. These allocations are based on sales made in October by businesses that report monthly taxes, according to the comptroller’s office.
Across the state sales tax revenue in November was $2.99 billion, up 7.7 percent compared to November 2017, the comptroller’s office reported.
“While slower than the double-digit pace of recent months, state sales tax revenue growth in November was strong,” Hegar said in a statement. “Increased tax collections continue to be led by remittances from oil- and gas-related sectors, but at a slower pace than in recent months. Growth from retail trade and restaurants, the sectors most dependent on consumer spending, was positive, but comparatively modest.”
Sales tax is the largest source of state funding for the state budget, accounting for 57 percent of all tax collections, according to the comptroller’s office.