The City of Rockwall enjoyed a big summer, economically speaking, by reporting a significant gain in sales tax rebate revenue for the month of July, while also notching increases for the year so far.
In fact, all of the cities in Rockwall County are reporting rises in sales tax revenue during 2019, according to a report released Wednesday by the Texas Comptroller’s office.
The figures reflect the portion of sales taxes collected at Rockwall County businesses in July, which were reported to the comptroller’s office in August.
Sales taxes are one of the two main sources of revenue, along with property taxes, which feed a city's general fund.
— The City of Rockwall reported receiving just over $2 million in sales tax rebate revenue this month, representing an increase of 10.99 percent from the $1.84 million received in September, 2018. So far this fiscal year, Rockwall has taken in almost $19.15 million in sales tax rebate revenue, an increase of 8.12 percent from the $17.7 million collected through the same point one year ago.
— Royse City received $325,999.69 in sales tax rebate revenue this month, representing an increase of 22.6 percent from the $265,900.69 in sales tax rebate revenue collected in September of last year. During the fiscal year so far, Royse City had received $2.76 million, which is 14.5 percent above the $2.41 million the city had accumulated through September, 2018.
— Fate received $82,715.51 from the Comptroller’s Office, a cop of just 1.09 percent from the $83,632,70 in sales tax rebate revenue it took in during September, 2018. So far this fiscal year however, Fate has taken in $774,223,52, up 5.82 percent from the $731,589.54, it had received through the same point last year.
— Heath received $122,156.03, representing a 48.2 percent decrease in sales tax rebate revenue from the $82,422.06 it received 12 months ago. So far this fiscal year, Heath has collected just over $1 million, up 25.91 percent from the $842,368.84 the city had received through September, 2018.
— McLendon-Chisholm received $19,583.21 in sales tax rebate revenue this month, representing an increase of 36.6 percent from the $14,635.15 the city collected during September of last year. McLendon-Chisholm has received $160,291.95 so far this year, an increase of 20.55 percent from the $132,958.46 in sales tax revenue accumulated through the same point 12 months ago.
— Mobile City received a sales tax rebate payment of $6,313 this month, representing am increase of 19.77 percent from the $5,270.67 received in September, 2018. Through this month, Mobile City has claimed $54,855.57 in sales tax revenue, a boost of 1.69 percent from the $53,940.63 collected through the same point in 2018.