County's sales tax rebates up and down
The city of Graham saw a drop in the amount of sales taxes returned to the city for October, continuing a trend for the year so far in areas strongly tied to stagnant low oil prices.
Texas Comptroller Glenn Hegar announced today he will send cities, counties, transit systems and special purpose taxing districts $650 million in local sales tax allocations for October, 5.5 percent more than in October 2015.
“The cities of San Antonio, Dallas, Fort Worth, Plano and McKinney saw noticeable increases in sales tax allocations,” Hegar said. “The cities of Houston and Midland saw significant decreases in sales tax allocations.”
Graham’s rebate this month, based on sales made in August by businesses that report taxes monthly, was $163,563, down 6.01 percent from the $174,040 rebate during the same month last year.
For the rest of this story, subscribe to our print or online edition.