An increase in sales tax revenue was seen for the April 2019 distribution by the comptroller’s office. Shopping local benefit the city by increasing sales tax dollars, a portion of which goes back to the city through the Farmersville Economic Development and Farmersville Community Development Corporations. (Courtesy photo)
The city of Princeton received a sales tax reimbursement check from the Texas State Comptroller this month for $247,730, a 13.96 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 April.
In June 2018, the check to Princeton was $217,371.
This year the city has been reimbursed $1.5 million, a 13.19 percent increase from the $1.3 million received for the same period in 2018.
Statewide, the comptroller distributed sales tax proceeds to cities totaling $499 million this month, up 9.2 percent from the August 2018 total.
So far this year, cities in Texas have seen a 4.9 percent increase in sales tax proceeds.
From Staff Reports • [email protected]
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