It was the “wurst” of times for sales tax collections in November.
The City of New Braunfels will receive a check for $3.74 million in sales tax revenue from the Office of the Comptroller this month, a 25.9% increase from the $2.97 million that she received during the same period a year ago.
Deputy City Manager Jared Werner, speaking to members of the New Braunfels Economic Development Corporation last month, said the return of one of New Braunfels’ favorite events after a pandemic-induced cancellation in 2020 , along with anticipated holiday shopping, were likely factors in the double 1-digit increase in sales tax revenue.
“It’s hard to say that we continue to be shocked by these numbers, but we were definitely shocked by these numbers,” Werner said. “I think two (factors) that we’re pretty confident about are the return of Wurstfest, which puts the sales tax back in November…as well as consumers getting a head start on holiday shopping. It was a nationwide trend that was widely discussed regarding supply chain issues and individuals getting a head start on it.
January allowances are based on sales made in November by businesses that file tax monthly.
Werner added that next month’s sales tax revenue allocation, based on sales made in December and usually one of the biggest months traditionally, “will be a very interesting metric for us.”
The return of the 10-day Salute to Sausage event also benefited Comal County, which saw a surge in sales tax revenue, resulting in a check for approximately $1.9 million this month. , up about 27.9% from a year ago.
Bulverde will receive $242,738 this month, up 22.9% from last year, and Garden Ridge will receive $54,183, up 47.5% from the same month a year ago. year.
Cities, counties, transit systems and special-use tax districts will receive $992.9 million in local sales tax allocations based on sales this month, according to Texas Comptroller Glenn Hegar. of November, i.e. 26.8% more than a year ago.
State sales tax revenue totaled $3.56 billion in December, up 24.4% from a year ago. The majority of December sales tax revenue is based on sales made in November and remitted to the agency in December.
Year-over-year increases in most tax revenue continue to be affected by base effects: the previous year’s revenue to which this year’s revenue is compared has been suppressed by the pandemic.
Compared to December 2019, sales tax collections increased by 18.1%.
Hegar said December state sales tax collections continued the exceptional growth of recent months, hitting a new monthly high with receipts from all major economic sectors surpassing year-ago levels.