City sales tax revenue continues to rise

Cove Leader-Press 

The state comptroller’s office released its sales tax revenue report on Wednesday, and the city of Copperas Cove is receiving 7.78 percent more this month than it did in March 2017.
The city of Copperas Cove will receive 337,790.71, up from the $313,391.29 it received in March 2017, according to the monthly report. 
Sales tax revenue overall for Copperas Cove in 2018 is up 10.18 percent at $1,232,512.54, compared to the $1,118,581.75 it had received as of this time last year. 
The city of Gatesville’s sales tax revenue amounts to $160,366.92, up 10.64 percent from last year’s amount of $144,935.01 and overall up 7.09 percent compared to 2017. 
Texas Comptroller Glenn Hegar announced he will send cities, counties, transit systems and special purpose taxing districts $670.9 million in local sales tax allocations for March, 8.3 percent more than in March 2017. These allocations are based on sales made in January 2018 by businesses that report tax monthly.
Kempner is receiving $8,043.70 in sales tax rebates, down 32.57 percent from $11,929.43 received in March 2017. Kempner is down 24.98 percent for 2018 compared to 2017. The rebate for the city of Lampasas is up 7.6 percent from March 2017, with the city receiving $136,177.64
 compared to last March’s $126,550.57.
Killeen’s sales tax rebate this month is $1,682,726.49, up 1.61 percent from last March’s $1,656,058.92 and up 0.79 percent overall for 2018. 
Harker Heights saw an increase of 7.81 percent and will receive $470,373.33, up from last March’s amount of $436,287.46. For 2018, Harker Heights’ sales tax revenue totals are up 4.43 percent. Belton is receiving $470,373.33 in sales tax rebates, up 7.81 percent from the $356,202.95 the city received in March 2017. Belton is up 4.43 percent for 2018. 
The state of Texas is issuing $431.4 million in city sales tax rebates for March, up 7.6 percent compared to March 2017. City sales tax revenue across the state is up 6.8 percent overall for the year. 

Copperas Cove Leader Press

2210 U.S. 190
Copperas Cove, TX 76522
Phone:(254) 547-4207