Monthly City Sales Tax Figures Grow Nearly Six Percent

Posted/updated on: May 9, 2013 at 2:35 pm

thumb_MarkMcDanielTYLER — Tyler’s sales tax revenues deposited for the month of May have grown 5.84% as compared to May 2012, resulting in a cumulative fiscal year-to-date increase of 3.39 percent. The Texas Comptroller reports Tyler’s revenue of $3,474,349 comprises $2,316,233 general sales tax revenue and $1,158,116 half-cent sales tax revenue. The figures represent receipts from March 2013 collections as there is a two-month lag before taxes are reported and remitted back to the City from the State. “It is nice to see this kind of an increase after disappointing collections in April,” said City Manager Mark McDaniel. “We are pleased that the three percent cumulative growth is on target with what was projected during our last budget process.”

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