All of the cities in Rockwall County reported healthy increases in business activity during January, based on the amount of sales tax revenue generated, according to a report issued Wednesday by the Texas Comptroller’s Office.
But the same can not be said for the rest of state. Texas Comptroller Glenn Hegar said state sales tax revenue totaled $2.51 billion in February, 13.3% less than in February 2020; however, after adjusting the February totals to account for March 1 activity, February sales tax revenue totaled $2.68 billion, down 7.5% from February 2020.
“The pattern in sales tax collections we’ve seen for the past several months continued, with receipts from the retail trade sector showing gains over the prior year while receipts from oil- and gas-related sectors show deep declines,” Hegar said. “Receipts from online, sporting goods, furniture and home improvement retailers continue to be elevated, a trend apparent since the start of the pandemic as Texans spend more time at home.”
The March sales tax rebate payment represents each city’s portion of sales taxes collected at local merchants in January and reported to the Comptroller’s office in February. Sales taxes are one of the two main sources of revenue, along with property taxes, which feed each city’s general fund.
• The city of Rockwall reported receiving a little more than $2 million in sales tax rebate revenue this month, representing a increase of 3.86% from the amount of sales tax rebate revenue received in March 2020. For the year to date, Rockwall has taken in $7.35 million, a rise of 6.89% from the almost $6.9 million received through March of last year.
• Fate received $102,470.33 from the Comptroller’s Office, an increase of 4.44% from the $98,107.43 in sales tax rebate revenue it collected during the same month one year earlier. For the year so far, Fate has collected $360,135.59, representing a boost of 12.09% from the $321,282.86 the city had taken through March 2020.
• Heath received $137,324.37 this month, representing a 1.89% increase from the $134,771.04 it received in March 2020. For the fiscal year to date, Heath has taken in $580,502.88, representing an increase in sales tax rebate revenue of 28.56% when compared to the $451,516.96 the city had collected through March of last year.
• McLendon-Chisholm received a sales tax rebate payment of $39,957.45 this month, representing an increase of 5.21% from the $37,976.44 received in March of last year. For the fiscal year to date, the city has collected $122,135.33 in sales tax rebate revenue, a boost of 18.89% from the $102,724.31 collected through the same point one year ago.
• Mobile City received a sales tax rebate payment of $10.940.68 this month, representing an increase of 111.43% from the $5,174.48 received in March of last year. For the fiscal year to date, Mobile City has collected $40,557.79 in sales tax rebate revenue, an increase of 101.6% from the $20,117.41 collected through the same point one year ago.
• Royse City was to receive a sales tax rebate payment of $405,073.40 this month, representing an increase of 28.23% from the $315,872.71 received during March 202020. So far this fiscal year, the city has received $1.36 million in sales tax rebate revenue, representing an increase of 24.49% from the slightly more than $1 million collected through March 2020.