Limestone, Freestone county economic market steady

By Timothy J. O’Malley
Managing Editor

Limestone and Freestone Counties can be pleased to know their YTD sales tax allocations are within a decimal point of revenue generated from this time last year. As with the cities revenue in favor of stands with the Teague as they are 19.07 percent better compared to last year while Coolidge takes the balance from the other end with a negative 12.8 percent change. However, there are still four months to break even.
From the state, Texas Comptroller Glenn Hegar announced he will send cities, counties, transit systems and special purpose taxing districts $779.2 million in local sales tax allocations for August, 1.3 percent more than in August 2016. These allocations are based on sales made in June by businesses that report tax monthly, and sales made in April, May and June by quarterly filers.
Limestone County generated sales tax allocation in the amount of $317,046.15, just 0.998 percent less than last year. Year to date Limestone has received payment of $2,290,917.84 compared to last year at $2,278,360.93.
Freestone County had a total revenue of $248,067.89 this month compared to last year at $234,559.80. YTD Freestone has received $1,612,456.45, just 0.977 percent in the negative this time last year.

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