Austin sales tax payouts maintain slo-mo rebound
Six of the largest cities in Central Texas, including Austin and Round Rock, continued to see higher sales tax allocations from the state this month. But four others had declines, reflecting the uneven nature of the economic recovery.
Sales taxes are a crucial source of city revenue. Austin and Round Rock have had higher allocations for the past five months compared with those made in the same months last year. The new allocations, which are distributed by the state comptroller’s office, are for sales made in May.
The $11.5 million that Austin received is 3.1 percent higher than the same month last year. Round Rock’s $5.3 million was 12 percent higher.
The state’s largest cities remain behind where they were a year ago. Dallas’ $15.3 million was down 3.8 percent, and Houston’s $36.2 million was down 2.3 percent.