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Sales tax allocations increase across Central Texas

Posted at 7:21 AM, Oct 14, 2019
and last updated 2019-10-14 08:21:00-04

BELL COUNTY — Growing revenue from sales tax receipts is increasing allocations to cities, and counties, around Central Texas.

The Texas Comptroller’s Office issues monthly allocation reports which are used with other factors to indicate present and future economic growth.

Killeen is expected to receive $1.98 million in sales tax revenue this month, a 4.09 percent increase from October 2018. Nolanville will receive nearly $90,000, a 61 percent increase when compared to this time last year.

Bell County itself will receive nearly $1.73 million in sales tax allocations this month, an 8.11 percent increase from October 2018.

The sales tax growth is not just limited to Bell County.

For instance, Coryell County is set to receive just under $208,000, representing a 6.1 increase over last year’s numbers.

Copperas Cove will net a 6.1 percent increase after receiving just under just under $421,000 this month.

Overall, Texas sales tax allocations total 773 million for the month of October.

All good indicators that the state economy is growing heading into the holiday season.