The city of Tyler’s continuous sales tax growth in recent months can be attributed to a “slow but steady” economic recovery, Assistant City Manager Susan Guthrie said.
According to the Texas Comptroller’s Office, Tyler saw a 16 percent jump — from $2.8 million to $3.2 million — in its sales tax allocation this month compared to March 2013. Its February 2014 allocation was $4.9 million compared to $3.9 million in February 2013, its January 2014 allocation was $2.9 million compared to $2.7 million in January 2013 and its December 2013 allocation was $3 million compared to $2.8 million in December 2012.
All of the numbers represent activity that took place two months prior according to the Texas Comptroller’s Office.
Ms. Guthrie said the sales tax growth this month compared to March 2013 is good news, but it is not as dramatic of a jump as it appears.
She said the actual increase over last year was between 5 and 6 percent, and the rest is due to an audit collection.
Ms. Guthrie said there was also an audit collection last month, and overall, the sales tax growth is in line with city budget projections.
She said the economy has been recovering, and she’s certain that beer and wine sales have factored in.
Cities, counties, transit systems and special purpose taxing districts statewide will receive their March sales tax allocations, which total $553 million, an increase of 4 percent compared to March 2013, according to the Texas Comptroller’s Office