Sep. 15—Businesses in Royse City were booming in July, with the city reporting another strong gain in sales tax revenue collections during the month.
A report issued Sept. 8 by Texas State Comptroller Glenn Hegar revealed the city's year-to-date sales tax rebate revenue also remains significantly ahead of the same point in 2021.
Hegar announced he would send cities, counties, transit systems and special purpose districts $1.04 billion in local sales tax allocations for September, 13.1 percent more than in September 2021.
Royse City was to receive more than $584,000 this month, an increase of 10.81% from the $526,000 received in September 2021, which itself was an increase of 47.96% from the $356,000 collected in September 2020.Royse City received $326,000 in September 2019.
For the year to date, Royse City has collected approximately $5.28 million, an increase of 22.45% from the $4.31 million the city had taken in through September 2021.
The September payments represent the city's portion of sales taxes collected at Royse City businesses in July and reported to the Comptroller's Office in August.
Municipal general funds primarily are supported by two sources of revenue: property taxes and sales taxes.