From Staff Reports
The city of Princeton receives a sales tax reimbursement check from the Texas State Comptroller this month for $123,091, a 16.49 percent increase from a year ago.
Reimbursements to Texas cities were distributed by the comptroller this month for taxes collected on retail sales made in March.
In May 2014, the check to Princeton was $105,657.
For the first quarter of this year, the city has been reimbursed $506,093, a 6.43 percent increase from the $475,483 received for the same period in 2014.
Statewide, the comptroller distributed sales tax proceeds to cities totaling $498 million this month, up 5.61 percent from the May 2014 total of $472 million.
So far this year, cities in Texas have received $2.2 billion in sales tax proceeds compared to $2.1 billion in 2014, an increase of 6.23 percent.
Cities in Collin County are reimbursed a total of $25.44 million this month, up 9.26 percent from the $23.29 million received from the comptroller a year ago.