City’s sales tax revenue gets back on track
As Ezekiel Elliott holds out of Cowboys training camp, Burleson’s sales tax revenue is barely holding.
The city received only $3,288 more in sales tax revenue in July than it did in the same month last year, according to figures released recently by State Comptroller Glenn Hegar.
Burleson and six other Johnson County cities received an increase as Hegar sent Finance Director Rhett Clark $1,514,246, an increase of 0.21 percent more than the $1,511,018 the city received in July of last year, according to Hegar’s figures.
The city has received a positive allocation in six of the last seven months, with only May a negative compared to May 2018.
“While it looks like a minimal increase compared to last year, that just underscores what a great month last July was,” Clark said. “This month’s collection is actually a little larger than projected, and we’re still outpacing this year’s budget.”
The allocations are based on sales made in May by businesses that report tax monthly, according to Hagar’s release. The monies are collected in May, counted in June and distributed in July.
For the 2018-2019 fiscal year, the city budgeted $18 million from sales tax revenue, Clark said.
Burleson’s sales tax is 2 percent. The city receives about half of that ($8,935,000 for the general fund) and the other half is shared by the Business 4A Economic Development Corporation (called Type A) and the Burleson Community Services Economic Development Corporation (called Type B), about $4,571,000 each.
County-wide for July, Alvarado is up 16 percent on revenue of $185,652 compared to $159,999 in July of last year. Briaroaks is up 91 percent on revenue of $2,975 versus $1,556 last July.
Cleburne is in the positive by 2 percent on revenue of $1,073,958 versus $1,049,420 in July 2018.
Grandview is ahead by 2 percent on revenue of $75,738 compared to $74,084 in July 2018, and Joshua is ahead 14 percent on sales tax revenue of $119,320 compared to $104,414 in
July 2018. Rio Vista is up by a whopping 48 percent on revenue of $16,713 compared to $11,291 in July 2018.
However, three cities experienced a decline. Godley is down 4 percent, receiving $97,777 compared to $101,593 in July 2018, Keene is down 6 percent on revenue of $64,834 versus $68,917, and Venus is down 4 percent on revenue of $45,694 compared to $47,449 last July.
For the calendar year, Burleson has received $11,193,435, a 7 percent increase more than the $10,509,368 it received in the same time period in 2018.
Statewide, Hegar announced he sent Texas cities $489 million in local sales tax allocations for July, a 0.4 percent increase over July 2018, he said.