Shoppers packed stores in Rockwall County during April and all of the cities in the county reported significant increases in the collections of sales tax revenue for the year to date.
Texas Comptroller Glenn Hegar said state sales tax revenue recorded the highest-ever monthly total and 30.1 percent more than in May 2020, according to a report issued Wednesday by Hegar’s office.
The majority of May sales tax revenue is based on sales made in April and remitted to the agency in May.
“Resurgent consumer spending drove monthly state sales tax collections to a new high,” Hegar said. “Supported by the end of pandemic restrictions, further vaccination progress and declines in COVID-19 cases and hospitalizations, continued recovery in employment, and federal stimulus checks and enhanced unemployment benefits, receipts from all retail sectors other than grocery stores surpassed pre-pandemic levels. Sales at retailers that had benefited from pandemic spending – online and big box general merchandisers, building materials and home furnishings stores, sporting goods and hobby stores – continued at elevated levels, while sales at retailers severely depressed last year, such as clothing stores and electronics and appliance stores, rebounded sharply from last spring.”
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 $2.8 million in sales tax rebate revenue this month, representing an increase of 56.45% from the $1.79 million in sales tax rebate revenue received in June 2020. For the year to date, Rockwall has taken in $16.32 million, an increase of 29.78% from the $12.57 million received through June of last year.
• Fate received $149,485,70nfrom the Comptroller’s Office, an increase of 39.31% from the $107,302.54 in sales tax rebate revenue it collected during June 2020. For the year so far, Fate has collected $787,681.57 representing a boost of 23.47% from the $637,919.14 the city had taken through June one year ago.
• Heath received $164,823.21 this month, representing a 6.11% increase from the $155,329.78 it received in June 2020. For the fiscal year to date, Heath has taken in almost $1.12 million, a 20.34% increase in sales tax rebate revenue when compared to the $929,447.28 the city had collected through June of last year.
• McLendon-Chisholm collected a sales tax rebate payment of $38,219.25, representing an increase of 14.77% from the $33,298.14 received in June of last year. For the fiscal year to date, the city has collected $311,749.65 in sales tax rebate revenue, an increase of 65.55% from the $188,309.65 collected through the same point one year ago.
• Mobile City was the only city in Rockwall County to see dip in its monthly sales tax rebate revenue, receiving a payment of $8,674.41 this month, representing a decrease of 16.72% from the $10.416.31received in June of last year. However, for the fiscal year to date, Mobile City has collected $69,943,31 in sales tax rebate revenue, an increase of 60.21% from the $43,655.16 collected through the same point one year ago.
• Royse City received a sales tax payment of $490,773.46 this month, an increase of 24.24% from the $394,996.50 collected during June 2020.
For the fiscal year so far, Royse City has taken in sales tax rebate revenue of a little more than $2.77 million, representing an increase of 28.05% from the $2.16 million received through June 2020.