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Bryan, College Station sales tax revenues hit new highsBryan, College Station sales tax revenues hit new highshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=24052014-11-20T12:15:00Z2014-11-20T00:00:00Z

BRAZOS COUNTY - Sales tax revenues are higher in Bryan, College Station and Brazos County than any previous year, according to numbers from the cities and the Texas Comptroller.

The growth is thanks to the oil and gas boom, Texas A&M University and a growing population, said Brazos County Auditor Katie Conner.

Shoppers in the two cities pay an 8.25 percent sales tax. Of that, 6.25 percent goes to the state, 1.5 percent goes to either Bryan or College Station, and the remaining .50 percent goes to the county.

The state sent more than $15.7 million to Bryan from sales tax this year, $1.7 million more than the amount collected by November of last year, according to numbers from the Texas Comptroller.

Add that to the revenue collected from the city's sale tax of 1.5 percent, and Bryan has collected $17.9 million since the start of the year, 12.7 percent above what was budgeted, said Deputy City Manager Joey Dunn.

In College Station, the state has allocated $21.8 million so far this year. College Station has collected a total of $24.6 million in sales tax this year, $1.5 million more than it collected in 2013 and 6.5 percent above what was budgeted for this year, said Assistant City Manager Jeff Kersten.

See the Texas Comptroller of Public Accounts for more information.

The Eagle
College Station-Bryan
Economy
http://www.theeagle.com/news/local/sales-tax-revenues-hit-new-highs-in-the-brazos-valley/article_2b1bc890-4e90-54ff-a2cb-c1afc17a9a1a.htmlRead more at {Source}

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