Sales tax revenue up for Bertram, Marble Falls

Article Image Alt Text

The addition of several retail outlets in Marble Falls and an influx of shoppers has helped the county's largest city reach double-digit gains in sales tax revenues for the month of December, Texas Comptroller Glenn Hegar announced.

Marble Falls continues to lead Burnet County in sales tax revenue and set yet another record for December as Hegar's office returned $678,388.28 to the city from sales made in October by businesses which report monthly. This represents an increase of a whopping 12.04 percent above the $605,439.02 returned in December 2016.

For the year, sales tax revenues are up 9.17 percent at $8,609,399.62, up from $7,886,178.12 received through this time last year.

A number of new businesses — especially new restaurants which have opened — have helped sales tax revenues climb higher than expected in 2017 in Marble Falls.

In Bertram, sales tax revenue for December was up 5.69 percent from $17,560.07 to $18,570.86. Overall for the year, sales tax revenue is still down, from $235,345.19 collected in 2016 to $227,374.10 this year, a difference of 3.38 percent, but revenue is trending upwards for the city as recent gains have decreased that deficit.

Horseshoe Bay received a total of $96,483.35 in December, up 4.18 percent from the $92,607.53 received in December 2016. For the year, sales tax collections in Horseshoe Bay are at $1,107,342.65, up 7.57 percent from last year's amount of $1,029,370.92.

Sales tax revenue in Burnet was down in December 4.45 percent to $163,116.78, up from $170,720.13 in December 2016. For the year, Burnet sales tax revenues are up a robust 7.1 percent from $2,115,886.91 to $2,266,118.71.

Meanwhile, in Granite Shoals, sales tax revenue was down 2.56 percent from $24,011.76 in December 2016 to $23,395.23 this month. Year to date, sales tax revenues for Granite Shoals are up 18.58 percent, from $258,789.42 to $306,896.64.

Cottonwood Shores saw a slight 1.82 percent decrease in sales tax revenue for the month of December from $14,472.16 to $14,208.60. However, for the year, sales tax revenue is up 4.32 percent from $166,377.52 to $173,576.58.

Three cities in Burnet County — Marble Falls, Burnet and Granite Shoals — collect the maximum allowable sales tax rate of 2 percent, while Bertram and Horseshoe Bay collect 1.75 percent and Cottonwood Shores collects 1.5 percent.

Hegar announced earlier this month he would be sending cities, counties, transit systems and special purpose taxing districts a total of $695.2 million in local sales tax allocations for November, 10.8 percent more than in December 2016.

Rate this article: 
No votes yet