Sales tax collections in Port Aransas continued their upward trajectory with an 11.87 percent increase for this reporting period over the same period one year ago.
These allocations are based on sales made in September by businesses that report tax monthly, and on sales made in July, August and September by quarterly filers.
For the year-to-date, sales tax collections in Port Aransas are up 14.03 percent, according to a news release from Texas State Comptroller Glen Hegar.
The payment to Port Aransas for the reporting period was $334,297.19. That compares to the payment for the same period last year of $298,817.09.
Year-to-date allocations this year total $3,547,551.13 compared to last year’s total at this time of $3,110,960.21.
Of the cities regularly tracked by the South Jetty, only Port Isabel, at -3.44 percent, and South Padre Island, at -16.85 percent, reported allocations less than the previous year’s comparable reporting period. For the year to date, both cities exceeded last year’s totals, by 9.20 and 1.51 percent, respectively.
Only one city tracked by the South Jetty reported a year-to-date drop in total allocations. That was Ingleside, which fell behind the previous year’s total by -3.19 percent.
Statewide, allocations are up for September by 7.1 percent, or $1.1 billion in local sales tax allocations.
“Receipts from restaurants and retail trade were up from a year ago at about the respective rates of inflation in prices for those sectors, possibly indicating a reduction in real per capita spending for those items as rising costs for housing and groceries claim larger shares of household budgets,” Hegar noted in the news release.