Limestone allocated $272K in local sales tax

By Timothy J. O’Malley
Managing Editor

Limestone and Freestone Counties had another profitable month as Texas Comptroller Glenn Hegar announced he will send cities, counties, transit systems and special purpose taxing districts $668.3 million in local sales tax allocations for September. Year-to-Date averages, for the state, were 6.2 percent more than in September 2016. These allocations are based on sales made in July by businesses that report tax monthly.
Limestone and Freestone Counties did not fall within the averages. Freestone was three points higher (9.28 percent) and Limestone was three points below (3.77 percent) the state average for the month. Limestone crossed the bar, YTD, with earnings of $2,562,870.32, just 0.88 percent higher than this time last year. Freestone is just under the bar with a negative 1.28 percent for the year earning $1,789,838.19. At this rate, they are expected to exceed last year’s earnings.
Cities, state-wide, showed an increase of 6.1 percent for the month and 3.2 percent YTD.

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