Local sales tax receipts play an important part in providing services to Blanco County and its three cities. The latest payment period reflected in sales tax distribution to local government shows Blanco County receiving $37,904, an 86.98% increase over the same 2011 period while year-to-date receipts are up 17.5%. The three cities in Blanco County received similar revenue increases: Blanco same period receipts were up 9.82%, Johnson City receipts were up 86.98%, and Round Mountain receipts were up 24.57%. All beat the states sales tax revenue average of 9.5% increase over the same period in 2011.
While property taxes comprise the largest single revenue source for our county, sales tax revenues are an important component of local government budgets. For example, Blanco County budgeted $260,000 in sales tax revenue in fiscal year 2010, and $250,000 in fiscal years 2011 and 2012. The actual receipts for the calendar years for 2010 and 2011 were $308,302 and $341,364 respectively showing a healthy surplus over the county’s budgeted income. With the 2012 year-to-date fiscal year tax receipts up 27% over the same period in 2011, the outlook for 2012 sales tax revenues again surpassing expectation is very positive.
Sources: Texas Comptroller Sales Tax Allocation Reports, Blanco County Proposed Budget 2011-2012.