Positive trend continues for city, county sales tax rebates
The city of Graham and Young County did well in accruing sales tax rebates in May, continuing an upward trend seen so far this year.
Texas Comptroller Glenn Hegar has sent cities, counties, transit systems and special purpose taxing districts $861.8 million in local sales tax allocations for May, 9.4 percent more than in May 2017.
These allocations are based on sales made in March by businesses that report tax monthly, and sales made in January, February and March by quarterly filers.
Graham’s rebate this month from its 1.5 percent rate is $234,193.99, up 14.66 percent compared to the $204,237.52 rebate received during the same month last year. So far this year, the city’s rebates are up 6.79 percent, to $971,899.41, compared to $910,070.14 received at this time last year.
Olney’s rebate this month from its 1.5 percent rate was down 3.05 percent from a year ago, to $32,118.81, compared to the $33,130.23 received during the same month last year. So far this year, Olney has received $130,154.83, down 6.58 percent from the $139,324.62 received in the same period in 2017.
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