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.
Leave a Reply
You must be logged in to post a comment.