Salado will receive $30,974.81 in sales tax revenues for March, up almost 4 percent from the previous year’s payment of $29,838.04.
The Village levies a one-cent sales tax in its boundaries. Since the opening of I-35 last year, each sales tax rebate check has been higher than the previous year.
For the calendar year, the Village is running more than 8 percent ahead. In 2018, the Village has received $130,921.95 up from $121,036.95.
The Salado Library District’s March payment was 11.72 percent more than the previous year. The Library District received $25,498.84 compared to $22,822.25 in March 2017. For the year, the Library is running almost 8 percent ahead of 2017: To-date the Library has received $93,628.70 compared to $86,975.86 through March 2017.
The Library District levies a half-cent sales tax within its boundaries that are the same as Salado ISD.
The sales tax payment to Bell County, for its half-cent levy, is up 2 percent to $1.39 million, compared to $1.35 million last March. In 2018, Bell County has received $4.81 million, compared to $4.69 million paid through March 2017.
Texas Comptroller Glenn Hegar announced today he will send cities, counties, transit systems and special purpose taxing districts $670.9 million in local sales tax allocations for March, 8.3 percent more than in March 2017. These allocations are based on sales made in January by businesses that report tax monthly.