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Fort Bend Southwest Star Newspaper

Local News, Classifieds, Real Estate for Sugar Land, Richmond, Stafford, Missouri City, Katy

Sales tax collections trending up in Sugar Land

June 29, 2011 by FortBendStar

Sales tax collections in Sugar Land continue to grow at a healthy pace despite a one-month anomaly created by an auditing adjustment.

A state audit adjustment of more than $654,000 resulted in a sharp one month decline of Sugar Land sales tax receipts for the month of June, which reflect sales occurring during the month of April.

The adjustment was made to reflect refunds resulting from a Sugar Land business that paid too much in sales taxes between 2000 and 2004 according to the Texas Comptroller’s Office.

Without the adjustment, June collections are nearly 8 percent more than last year and 10.4 percent more than budgeted for the month. Year-to-date sales tax revenues for Sugar Land are 4 percent higher than last year and 4.9 percent higher than budgeted.

Sugar Land’s tax collections represent more than 50 percent of Fort Bend County’s total collections.

“The City intends to follow up with the comptroller’s office to request a payment plan for the audit adjustment,” said City Manager Allen Bogard. “With their approval, the City will receive the first adjusted funds with the next monthly allocation, and smaller adjustments will be made over time.”

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Filed Under: Sugar Land

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