It’s been almost four years since a seven-figure sales tax allocation arrived in the City of Kilgore, but August’s revenue from the state comptroller’s office broke the drought Wednesday with a $1,187,374.76 check.
In fact, it’s the heftiest sales tax check the community’s received since February 2009, and it’s the largest year-to-year gain since 2011.
This month’s check from Texas Comptroller Glenn Hegar’s Office is based on sales made in June by monthly filers and sales made in April, May and June by businesses that file quarterly.
At $1.18 million, it’s an increase of more than 62 percent on the check Kilgore received 12 months back. The City of Kilgore gets two-thirds of the revenues while Kilgore Economic Development Corporation receives the remainder.
Statewide, taxing districts will receive $842.7 million in local sales tax allocations for August, Hegar reported Wednesday, an 8.2 percent gain on August 2017.
According to an allocation payment detail on this month’s payment to Kilgore, total collections were actually $1,219,474.76, reduced by various fees, audits and retentions by the state.