Sales tax allocations that three of the county’s four municipalities received from the state this month - reflecting June sales - reflected increases over August 2007’s allocations.
Brownwood’s allocation this month was $570,645, a 3 percent increase over August 2007’s allocation of $553,854. Last month, Brownwood’s allocation was 8.7 percent higher than July 2007’s allocation, and officials thought the increase was driven at least in part by the economic stimulus checks, which the federal government began sending out in May.
Mayor Bert Massey speculated that the stimulus checks may have played a part in August’s increase but weren’t the driving factor. He said he is optimistic the growth in the Brownwood economy will continue.
“It’s always good news when sales tax receipts in any given month show they are greater than the year before,” Massey said.
June’s allocation for Brownwood had declined slightly from June 2007, and allocations in March, April and May had reflected slow growth.
Year-to-date, Brownwood’s allocations total $3.93 million, a 2 percent increase over last year’s $3.86 million.
Early’s allocation this month of $118,029 reflected a 4.8 percent increase over August 2007’s allocation of $112,587.
Year-to-date figures in Early are up 1.6 percent, to $726,494 from $714,767.
For Bangs, the August allocation was $14,505, a 90 percent increase over last August’s $7,611. Year-to-date for Bangs totaled $85,049, an 80 percent increase over last year’s $47,217. The city has started collecting economic development sales taxes in recent months.
Blanket’s August allocation was $1,562, a 6.3 percent decrease from last August’s allocation of $1,667. Year-to-date allocations totaled $9,113, a 2.5 percent increase over last year’s $8,895.
The total allocation for all four municipalities in August was $704,742 a 4.3 percent increase over last August’s $675,721. Year-to-date, the allocations totaled $4.76 million, a 2.8 percent increase over last year’s $4.63 million.